Mega Precious Metals - 500 Beiträge pro Seite
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ISIN: CA58516L1085 · WKN: A0YA7N
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Letzter Kurs 24.06.15 Frankfurt
Neuigkeiten
Werte aus der Branche Stahl und Bergbau
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 1,7000 | +30,77 | |
| 0,5998 | +22,41 | |
| 575,00 | +21,05 | |
| 10,500 | +16,67 | |
| 48.400,00 | +10,00 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 14,100 | -10,76 | |
| 1,6000 | -13,53 | |
| 0,5100 | -13,56 | |
| 9,0900 | -17,36 | |
| 2,1400 | -45,41 |
Feedback
Hallo Leute,
möchte hier das Unternehmen Mega Precious Metals vorstellen:
http://www.megapmi.com/
Präsentation:
http://www.megapmi.com/corporate_presentations/corporate_pre…
Seite 19 unbedingt mal anschauen!
- MGP hat ein starkes Management
- 44 Mio. ausstehende Aktien
- ca. 5 Mio cash
- tolle Projekte z.B. Red Lake: Headway / North Madsen
- mit dem Zusammenschluss mit Rolling Rock (RLL) 1,2 Mio. Unzen im Projekt Monument Bay:
Rolling Rock’s Monument Bay project hosts an inferred resource of 1,212,000 ounces of gold from 6.3Mt @ 5.98 g/t (3g/t cut-off grade). Upon completion of the transaction, Mega intends to aggressively advance the Monument Bay Project, commencing with a 12,000 m drill program in early 2011.
Warum hat sich Pinetree bzw. Inwentash noch mit Aktien von RLL vollgesaugt?
Rolling Rock Resources Corporation (RLL) As of November 16th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Nov 04/10 Sep 24/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 1,208,500 $0.210
Nov 04/10 Sep 24/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 1,208,500 $0.210
Bei MGP hat Pinetree und Inwentash auch gekauft:
Mega Precious Metals Inc. (MGP) As of November 16th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 10/10 Sep 01/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 100,000 $0.380
Sep 10/10 Sep 01/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.380
Sep 10/10 Sep 08/10 Patricio, Richard j Direct Ownership Common Shares 51 - Exercise of options 50,000 $0.300
Sep 10/10 Sep 08/10 Patricio, Richard j Direct Ownership Options 51 - Exercise of options -50,000
Sep 01/10 Aug 23/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 66,000 $0.440
Aug 26/10 Aug 23/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 66,000 $0.440
Jun 30/10 Jun 22/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 75,000 $0.399
Jun 23/10 Jun 22/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 75,000 $0.399
Anbei die letzte news:
MEGA ADDS SECOND DRILL TO NORTH MADSEN PROJECT & CONDUCTING AN AIRBORNE SURVEY
Thunder Bay, Ontario
November 15, 2010 Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased report the addition of a second drill on the North Madsen Project. Approximately 1500m of drilling will be performed in the south eastern portion of the East My-Ritt property, referred to as the Buffalo extension. Previously drilled holes, MM1016 and MM1017, intersected multiple mineralized, potentially open pit-style zones believed to be related to the Historical Buffalo Mine located on the adjacent Claude Resources Property.
The Buffalo extension target remains open along strike and at depth and represents a prime target for delineating a potentially significant open pit style gold deposit. Open pit resources are expected to become an important future source of ore in the event that Goldcorp constructs an open pit mine at the Red Lake Gold Mines site as discussed in recent Goldcorp Red Lake news updates. Previous drill results (reported in the June 7, 2010 news release) from Buffalo extension include:
o 1.02 g/t over 31.4m, 2.56 g/t over 13.3m, 1.85 g/t over 11.0m (MM1016) and
o 1.94 g/t over 33.5m, 1.15 g/t over 8.5m, 1.74 g/t over 5.0m and 1.43 g/t over 8.5m (MM1017). (*Note that assays represent 3 to 4 separate zones in each hole)
In addition, Fugro Airborne Surveys will be performing a DIGHEM EM/MAG airborne survey totaling 138 line km over the N. Madsen property area, as the majority of the area has no current geophysical data. This will provide a broader understanding of structural and mineralized trends over the consolidated North Madsen properties, and further expand exploration and development potential.
Jim Rogers, President of Mega states; “I strongly believe that open pit mining will be an important part of the Red Lake Mining Camp’s future. Follow up delineation drilling on the Buffalo extension and within the Laverty Corridor will begin to add measurable resources to our North Madsen Property. The airborne survey will provide continuity of geophysical information beyond our current property coverage.”
Mega management believe that their North Madsen Project (comprised of Laverty, East My-Ritt & Skookum) are all part of a much larger gold system that encompasses the adjacent Howey, Hasaga and Gold Shore mines which historically produced approximately 640,000 ounces of gold. The property mineralization hosts three styles of gold mineralization, including steeply dipping north-northwest striking diabase Dyke Zone, the east-west trending, gold mineralization in steeply dipping sheared granodiorite and clusters of late gold bearing quartz tourmaline veins.
On the Headway Project, Hole MH1002 has commenced navi drilling to ensure that the drill hole is on path to test the projected target horizon. Hole MH0901 is at a depth of 2,603m and is successfully progressing towards target depth as Layne Christensen drillers wedge to flatten and work through the structure and increasing alteration.
Jim Rogers, President and CEO, is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Jim was Chief Mine Geologist at the Dickenson Gold Mine, forerunner to the prolific Red Lake Mine complex, Chief Mine Geologist at the Eskay Creek Gold and Silver Mine and most recently, Regional Exploration Manager for Goldcorp in the Red Lake gold camp.
The prolific Red Lake camp has produced more than 25 million ounces of gold and production of about 700,000 ounces of gold per year continue as the district’s production base from Goldcorp’s Red Lake Gold Mines. When compared to other camps, Red Lake is still a young and developing camp where consolidation, mechanization, improvements to processing technology and “Big Picture” economics will improve margins and drive future success.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Nunavut and the Yukon. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega’s common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
möchte hier das Unternehmen Mega Precious Metals vorstellen:
http://www.megapmi.com/
Präsentation:
http://www.megapmi.com/corporate_presentations/corporate_pre…
Seite 19 unbedingt mal anschauen!
- MGP hat ein starkes Management
- 44 Mio. ausstehende Aktien
- ca. 5 Mio cash
- tolle Projekte z.B. Red Lake: Headway / North Madsen
- mit dem Zusammenschluss mit Rolling Rock (RLL) 1,2 Mio. Unzen im Projekt Monument Bay:
Rolling Rock’s Monument Bay project hosts an inferred resource of 1,212,000 ounces of gold from 6.3Mt @ 5.98 g/t (3g/t cut-off grade). Upon completion of the transaction, Mega intends to aggressively advance the Monument Bay Project, commencing with a 12,000 m drill program in early 2011.
Warum hat sich Pinetree bzw. Inwentash noch mit Aktien von RLL vollgesaugt?
Rolling Rock Resources Corporation (RLL) As of November 16th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Nov 04/10 Sep 24/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 1,208,500 $0.210
Nov 04/10 Sep 24/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 1,208,500 $0.210
Bei MGP hat Pinetree und Inwentash auch gekauft:
Mega Precious Metals Inc. (MGP) As of November 16th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 10/10 Sep 01/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 100,000 $0.380
Sep 10/10 Sep 01/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.380
Sep 10/10 Sep 08/10 Patricio, Richard j Direct Ownership Common Shares 51 - Exercise of options 50,000 $0.300
Sep 10/10 Sep 08/10 Patricio, Richard j Direct Ownership Options 51 - Exercise of options -50,000
Sep 01/10 Aug 23/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 66,000 $0.440
Aug 26/10 Aug 23/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 66,000 $0.440
Jun 30/10 Jun 22/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 75,000 $0.399
Jun 23/10 Jun 22/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 75,000 $0.399
Anbei die letzte news:
MEGA ADDS SECOND DRILL TO NORTH MADSEN PROJECT & CONDUCTING AN AIRBORNE SURVEY
Thunder Bay, Ontario
November 15, 2010 Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased report the addition of a second drill on the North Madsen Project. Approximately 1500m of drilling will be performed in the south eastern portion of the East My-Ritt property, referred to as the Buffalo extension. Previously drilled holes, MM1016 and MM1017, intersected multiple mineralized, potentially open pit-style zones believed to be related to the Historical Buffalo Mine located on the adjacent Claude Resources Property.
The Buffalo extension target remains open along strike and at depth and represents a prime target for delineating a potentially significant open pit style gold deposit. Open pit resources are expected to become an important future source of ore in the event that Goldcorp constructs an open pit mine at the Red Lake Gold Mines site as discussed in recent Goldcorp Red Lake news updates. Previous drill results (reported in the June 7, 2010 news release) from Buffalo extension include:
o 1.02 g/t over 31.4m, 2.56 g/t over 13.3m, 1.85 g/t over 11.0m (MM1016) and
o 1.94 g/t over 33.5m, 1.15 g/t over 8.5m, 1.74 g/t over 5.0m and 1.43 g/t over 8.5m (MM1017). (*Note that assays represent 3 to 4 separate zones in each hole)
In addition, Fugro Airborne Surveys will be performing a DIGHEM EM/MAG airborne survey totaling 138 line km over the N. Madsen property area, as the majority of the area has no current geophysical data. This will provide a broader understanding of structural and mineralized trends over the consolidated North Madsen properties, and further expand exploration and development potential.
Jim Rogers, President of Mega states; “I strongly believe that open pit mining will be an important part of the Red Lake Mining Camp’s future. Follow up delineation drilling on the Buffalo extension and within the Laverty Corridor will begin to add measurable resources to our North Madsen Property. The airborne survey will provide continuity of geophysical information beyond our current property coverage.”
Mega management believe that their North Madsen Project (comprised of Laverty, East My-Ritt & Skookum) are all part of a much larger gold system that encompasses the adjacent Howey, Hasaga and Gold Shore mines which historically produced approximately 640,000 ounces of gold. The property mineralization hosts three styles of gold mineralization, including steeply dipping north-northwest striking diabase Dyke Zone, the east-west trending, gold mineralization in steeply dipping sheared granodiorite and clusters of late gold bearing quartz tourmaline veins.
On the Headway Project, Hole MH1002 has commenced navi drilling to ensure that the drill hole is on path to test the projected target horizon. Hole MH0901 is at a depth of 2,603m and is successfully progressing towards target depth as Layne Christensen drillers wedge to flatten and work through the structure and increasing alteration.
Jim Rogers, President and CEO, is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Jim was Chief Mine Geologist at the Dickenson Gold Mine, forerunner to the prolific Red Lake Mine complex, Chief Mine Geologist at the Eskay Creek Gold and Silver Mine and most recently, Regional Exploration Manager for Goldcorp in the Red Lake gold camp.
The prolific Red Lake camp has produced more than 25 million ounces of gold and production of about 700,000 ounces of gold per year continue as the district’s production base from Goldcorp’s Red Lake Gold Mines. When compared to other camps, Red Lake is still a young and developing camp where consolidation, mechanization, improvements to processing technology and “Big Picture” economics will improve margins and drive future success.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Nunavut and the Yukon. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega’s common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Antwort auf Beitrag Nr.: 40.560.926 von Kostolanys Erbe am 21.11.10 10:58:04Insider haben am letzten Freitag gekauft:
http://www.tmxmoney.com/HttpController?GetPage=InsiderTradeM…
http://www.tmxmoney.com/HttpController?GetPage=InsiderTradeM…
Nicht nur die INSIDER! 
Antwort auf Beitrag Nr.: 40.568.022 von Kostolanys Erbe am 22.11.10 17:39:38
Bin mal gespannt, ob da bald news kommen...
Dickes Plus bei dickem Volumen!
Bin mal gespannt, ob da bald news kommen...Dickes Plus bei dickem Volumen!
Trading Spotlight
Antwort auf Beitrag Nr.: 40.570.562 von Kostolanys Erbe am 22.11.10 23:26:48
Gestern wieder Insiderkäufe:
MGP Mega Precious Metals Inc. 314,164
Die wissen schon, warum sie kaufen!
Gestern wieder Insiderkäufe:
MGP Mega Precious Metals Inc. 314,164
Die wissen schon, warum sie kaufen!
Antwort auf Beitrag Nr.: 40.575.482 von Kostolanys Erbe am 23.11.10 17:07:23Gab gestern noch ein kleiner Insiderkauf:
TSX Venture Exchange
Company Name : Mega Precious Metals Inc. Last Updated: November 25, 2010
Date Symbol Insider
Transaction Currency
11/25/2010 MGP 10,000 0 7,400.00 CAD
Heute in Sedar MD&A und Financial raus. Bin leider noch nicht zum lesen gekommen.
Kosto
TSX Venture Exchange
Company Name : Mega Precious Metals Inc. Last Updated: November 25, 2010
Date Symbol Insider
Transaction Currency
11/25/2010 MGP 10,000 0 7,400.00 CAD
Heute in Sedar MD&A und Financial raus. Bin leider noch nicht zum lesen gekommen.
Kosto
Antwort auf Beitrag Nr.: 40.601.221 von Kostolanys Erbe am 26.11.10 23:08:46Es geht weiter:
Mega-Volumen mit starken Anstieg!!
Mega-Volumen mit starken Anstieg!!
Antwort auf Beitrag Nr.: 40.612.057 von Kostolanys Erbe am 29.11.10 22:04:17Die Insider kaufen weiter!
Mega Precious Metals Inc. Last Updated: November 29, 2010
Date Symbol Insider
Buys Transaction Currency
11/29/2010 MGP 122,500
Mega Precious Metals Inc. Last Updated: November 29, 2010
Date Symbol Insider
Buys Transaction Currency
11/29/2010 MGP 122,500
Antwort auf Beitrag Nr.: 40.624.623 von Kostolanys Erbe am 01.12.10 16:10:45http://www.tmxmoney.com/HttpController?GetPage=SearchInsider…
Gestern wieder Insiderkäufe:
Company Name : Mega Precious Metals Inc. Last Updated: December 2, 2010
Date Symbol Insider
Buys
Transaction Currency
12/02/2010 MGP 127,500
Gestern wieder Insiderkäufe:
Company Name : Mega Precious Metals Inc. Last Updated: December 2, 2010
Date Symbol Insider
Buys
Transaction Currency
12/02/2010 MGP 127,500
Antwort auf Beitrag Nr.: 40.642.691 von Kostolanys Erbe am 03.12.10 17:10:36
Mega Precious Metals Inc. (MGP) As of December 5th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Dec 02/10 Nov 29/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 122,500 $0.866
Dec 02/10 Nov 29/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 122,500 $0.866
Nov 26/10 Nov 25/10 Downie, Ewan Stewart Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.740
Mega Precious Metals Inc. (MGP) As of December 5th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Dec 02/10 Nov 29/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 122,500 $0.866
Dec 02/10 Nov 29/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 122,500 $0.866
Nov 26/10 Nov 25/10 Downie, Ewan Stewart Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.740
Antwort auf Beitrag Nr.: 40.653.198 von Kostolanys Erbe am 06.12.10 14:01:40weitere Käufe !!!
Mega Precious Metals Inc. (MGP) As of December 8th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Dec 07/10 Dec 02/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 127,500 $0.993
Mega Precious Metals Inc. (MGP) As of December 8th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Dec 07/10 Dec 02/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 127,500 $0.993
Zitat von Kostolanys Erbe: weitere Käufe !!!
Mega Precious Metals Inc. (MGP) As of December 8th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Dec 07/10 Dec 02/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 127,500 $0.993
Sheldon hat ja auch zugeschlagen....kleiner Nachtrag:
Mega Precious Metals Inc. (MGP) As of December 12th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Dec 08/10 Dec 03/10 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 127,500 $0.993
Antwort auf Beitrag Nr.: 40.703.276 von Kostolanys Erbe am 13.12.10 20:46:32Jan 19, 2011 15:41 ETMega Precious Metals Announces Increase in Bought Deal Financing to $10 million
(Figures in Canadian Dollars)
THUNDER BAY, ONTARIO--(Marketwire - Jan. 19, 2011) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Mega Precious Metals Inc. (TSX VENTURE:MGP) (the "Company") announces that it has increased its previously announced bought deal financing, led by Stonecap Securities Inc. and including PowerOne Capital Markets Limited and Octagon Capital Corporation, to 12,500,000 flow-through common shares (the "Flow-Through Common Shares") at $0.80 (the "Issue Price") for gross proceeds of $10,000,000 (the "Offering").
The Company also grants the Underwriters an option to purchase up to an additional 15% of the Flow-Through Common Shares at the Issue Price exercisable for up to 30 days following closing of the Offering for additional gross proceeds of up to $1,500,000.
The gross proceeds from the sale of the Flow-Through Common Shares will be used for exploration at the Company's Canadian exploration properties.
The Offering will be made by way of a short-form prospectus to be filed in all provinces of Canada, except Quebec. The Offering is now scheduled to close on or about February 24, 2011, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the securities regulatory authorities.
(Figures in Canadian Dollars)
THUNDER BAY, ONTARIO--(Marketwire - Jan. 19, 2011) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Mega Precious Metals Inc. (TSX VENTURE:MGP) (the "Company") announces that it has increased its previously announced bought deal financing, led by Stonecap Securities Inc. and including PowerOne Capital Markets Limited and Octagon Capital Corporation, to 12,500,000 flow-through common shares (the "Flow-Through Common Shares") at $0.80 (the "Issue Price") for gross proceeds of $10,000,000 (the "Offering").
The Company also grants the Underwriters an option to purchase up to an additional 15% of the Flow-Through Common Shares at the Issue Price exercisable for up to 30 days following closing of the Offering for additional gross proceeds of up to $1,500,000.
The gross proceeds from the sale of the Flow-Through Common Shares will be used for exploration at the Company's Canadian exploration properties.
The Offering will be made by way of a short-form prospectus to be filed in all provinces of Canada, except Quebec. The Offering is now scheduled to close on or about February 24, 2011, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the securities regulatory authorities.
Antwort auf Beitrag Nr.: 40.892.420 von Kostolanys Erbe am 19.01.11 22:23:34http://www.megapmi.com/corporate_presentations/corporate_pre…
Antwort auf Beitrag Nr.: 40.916.613 von Kostolanys Erbe am 24.01.11 20:59:42MEGA PRECIOUS METALS CLOSES $11.5 MILLION BOUGHT DEAL FINANCING
Thunder Bay, Ontario
February 24, 2011
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega” or the “Company”) has successfully completed its previously announced bought deal public offering of flow-through common shares (the “Flow-Through Shares”) as described in Mega’s news release dated January 19, 2011. Including the Flow-Through Shares issued on the exercise of the underwriters’ over-allotment option, Mega issued 14,375,000 Flow-Through Shares at a price of $0.80 per share for aggregate gross proceeds of $11,500,000 before expenses of the offering. The offering was completed through a syndicate of underwriters led by Stonecap Securities Inc. and including Octagon Capital Corporation.
The gross proceeds from the sale of the Flow-Through Shares will be spent to incur Canadian Exploration Expenses on Mega’s Canadian exploration properties so that they qualify as “flow-through mining expenditures”. Mega will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2011.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. Mega is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Mega Precious Metals Inc. (MGP) As of February 25th, 2011
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Feb 25/11 Feb 24/11 Filipovic, Steven John Direct Ownership Common Shares 15 - Acquisition under a prospectus 30,000 $0.800
Feb 25/11 Feb 24/11 Rogers, James Arnold Direct Ownership Common Shares 15 - Acquisition under a prospectus 10,000 $0.800
Feb 25/11 Feb 24/11 Downie, Ewan Stewart Direct Ownership Common Shares 15 - Acquisition under a prospectus 25,000 $0.800
Feb 25/11 Feb 24/11 Patricio, Richard j Direct Ownership Common Shares 15 - Acquisition under a prospectus 100,000 $0.800
Thunder Bay, Ontario
February 24, 2011
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega” or the “Company”) has successfully completed its previously announced bought deal public offering of flow-through common shares (the “Flow-Through Shares”) as described in Mega’s news release dated January 19, 2011. Including the Flow-Through Shares issued on the exercise of the underwriters’ over-allotment option, Mega issued 14,375,000 Flow-Through Shares at a price of $0.80 per share for aggregate gross proceeds of $11,500,000 before expenses of the offering. The offering was completed through a syndicate of underwriters led by Stonecap Securities Inc. and including Octagon Capital Corporation.
The gross proceeds from the sale of the Flow-Through Shares will be spent to incur Canadian Exploration Expenses on Mega’s Canadian exploration properties so that they qualify as “flow-through mining expenditures”. Mega will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2011.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. Mega is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Mega Precious Metals Inc. (MGP) As of February 25th, 2011
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Feb 25/11 Feb 24/11 Filipovic, Steven John Direct Ownership Common Shares 15 - Acquisition under a prospectus 30,000 $0.800
Feb 25/11 Feb 24/11 Rogers, James Arnold Direct Ownership Common Shares 15 - Acquisition under a prospectus 10,000 $0.800
Feb 25/11 Feb 24/11 Downie, Ewan Stewart Direct Ownership Common Shares 15 - Acquisition under a prospectus 25,000 $0.800
Feb 25/11 Feb 24/11 Patricio, Richard j Direct Ownership Common Shares 15 - Acquisition under a prospectus 100,000 $0.800
und weiter geht's
02/28/2011 MGP 35,000 0 22,375.00 0.00 6 0 CAD
Feb 28/11 Feb 23/11 Inwentash, Sheldon Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.800
Feb 27/11 Feb 24/11 Sweatman, Michael Direct Ownership Common Shares 15 - Acquisition under a prospectus 10,000 $0.800
Rokky
02/28/2011 MGP 35,000 0 22,375.00 0.00 6 0 CAD
Feb 28/11 Feb 23/11 Inwentash, Sheldon Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.800
Feb 27/11 Feb 24/11 Sweatman, Michael Direct Ownership Common Shares 15 - Acquisition under a prospectus 10,000 $0.800
Rokky
es überrascht mich etwas dass wir hier zu 0,6er Kursen aktuell Stücke sammeln können 
Financing kürzlich erst bei 0,80 Can
die Gesellschaft gefällt .... vielleicht bringt die PDAC etwas Neues
Financing kürzlich erst bei 0,80 Can
die Gesellschaft gefällt .... vielleicht bringt die PDAC etwas Neues
Antwort auf Beitrag Nr.: 41.149.844 von GustavOemark am 04.03.11 18:03:47Da triffst Du genau das i-Tüpfelchen....
Hier sind Investoren für eine 11,5 Mio CAN$ Finanzierung bereit Kurse von 0,80 CAN$
zu bezahlen, obwohl der aktuelle Kurs schon über 20% tiefer liegt!
Warum macht das ein Investor...er rechnet sicherlich mit weit höheren Kursen.
Aktuelle Präsentation
http://www.megapmi.com/corporate_presentations/corporate_pre…
1,20 Mio Unzen Gold Ressourcen schon nachgewiesen bei der Marketcap!
cash 13,50 Mio CAN$...Projekt komplett für dieses Jahr finanziert!
Geduld!
Hier sind Investoren für eine 11,5 Mio CAN$ Finanzierung bereit Kurse von 0,80 CAN$
zu bezahlen, obwohl der aktuelle Kurs schon über 20% tiefer liegt!
Warum macht das ein Investor...er rechnet sicherlich mit weit höheren Kursen.
Aktuelle Präsentation
http://www.megapmi.com/corporate_presentations/corporate_pre…
1,20 Mio Unzen Gold Ressourcen schon nachgewiesen bei der Marketcap!
cash 13,50 Mio CAN$...Projekt komplett für dieses Jahr finanziert!
Geduld!
SIGNIFICANT GOLD GRADE RESULTS CONFIRMED AT NORTH MADSEN
Thunder Bay, Ontario
March 22,2011
Shares Issued: 74,281,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to report continued results at the North Madsen Project from the Laverty Corridor and Buffalo West Extension horizons. Highlights include 30.0 metres (m) of 3.87 grams per tonne (g/t) within the Laverty Corridor and 61.2 m of 1.58 g/t including 31.5 m of 2.39 g/t on the East My-Ritt, Buffalo west extension. These results are significant to the North Madsen open pit(s) concept. A summary of the drilling results are listed below. ...
Quelle: http://www.megapmi.com/releases/nr_22-mar-2011_n_madsen_assa…
Thunder Bay, Ontario
March 22,2011
Shares Issued: 74,281,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to report continued results at the North Madsen Project from the Laverty Corridor and Buffalo West Extension horizons. Highlights include 30.0 metres (m) of 3.87 grams per tonne (g/t) within the Laverty Corridor and 61.2 m of 1.58 g/t including 31.5 m of 2.39 g/t on the East My-Ritt, Buffalo west extension. These results are significant to the North Madsen open pit(s) concept. A summary of the drilling results are listed below. ...
Quelle: http://www.megapmi.com/releases/nr_22-mar-2011_n_madsen_assa…
Antwort auf Beitrag Nr.: 41.278.344 von Kostolanys Erbe am 28.03.11 19:36:30Das Tief sollte nun mehr oder weniger erreicht sein (0,52 CAD).
Major's haben zu 0,8 CAD gekauft.
Major's haben zu 0,8 CAD gekauft.
war ein schöner Move gestern
Apr 04/11 Dec 14/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 22 - Acquisition pursuant to a take-over bid, merger or acquisition 3,630,600 $0.510
Apr 01/11 Dec 14/10 Inwentash, Sheldon Control or Direction Common Shares 22 - Acquisition pursuant to a take-over bid, merger or acquisition 3,630,600 $0.510
Was haben diese Positionen zu bedeuten???
Apr 01/11 Dec 14/10 Inwentash, Sheldon Control or Direction Common Shares 22 - Acquisition pursuant to a take-over bid, merger or acquisition 3,630,600 $0.510
Was haben diese Positionen zu bedeuten???
Antwort auf Beitrag Nr.: 41.333.556 von Kubera am 07.04.11 13:13:11Sheldon Inwentash war sowie mit seiner Investmentgesellschaft Pinetree vorher Aktionär
bei Rolling Rock.
Durch die Fusion im Dezmeber 2010 hat er als ehemaliger RLL Aktionär im Umtauschverhältnis MGP- AKtien erhalten.
Bei Canadianinsider können Aktienkäufe bzw. Verkäufe mit zeitlicher Verzögerung eingestellt werden. Schau lieber bei TMxMoney! :-)
Apr 04/11 Dec 14/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 22 - Acquisition pursuant to a take-over bid, merger or acquisition 3,630,600 $0.510
Apr 01/11 Dec 14/10 Inwentash, Sheldon Control or Direction Common Shares 22 - Acquisition pursuant to a take-over bid, merger or acquisition 3,630,600 $0.510
Was haben diese Positionen zu bedeuten???
bei Rolling Rock.
Durch die Fusion im Dezmeber 2010 hat er als ehemaliger RLL Aktionär im Umtauschverhältnis MGP- AKtien erhalten.
Bei Canadianinsider können Aktienkäufe bzw. Verkäufe mit zeitlicher Verzögerung eingestellt werden. Schau lieber bei TMxMoney! :-)
Apr 04/11 Dec 14/10 Pinetree Capital Ltd. Indirect Ownership Common Shares 22 - Acquisition pursuant to a take-over bid, merger or acquisition 3,630,600 $0.510
Apr 01/11 Dec 14/10 Inwentash, Sheldon Control or Direction Common Shares 22 - Acquisition pursuant to a take-over bid, merger or acquisition 3,630,600 $0.510
Was haben diese Positionen zu bedeuten???
Antwort auf Beitrag Nr.: 41.333.854 von Kostolanys Erbe am 07.04.11 13:56:36Danke.
Antwort auf Beitrag Nr.: 41.334.281 von Kubera am 07.04.11 14:52:47Enttäuschend, aber es stehen noch 10 Löcher aus...
Bisher haben keine Insider verkauft.
Mega Precious drills 7.3 g/t Au over 1.0 m
2011-04-12 11:25 ET - News Release
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. Jim Rogers reports
MEGA REPORTS INITIAL RESULTS FROM THE WINTER PROGRAM ON THE MONUMENT BAY PROJECT
Mega Precious Metals Inc. has released the initial drill results from its multiphased drill program at the Monument Bay property, located in Northern Manitoba.
Eighteen diamond drill holes, totalling over 8,800 metres, have been drilled to date and the results from eight of these holes in the Monument Bay project have confirmed the extension of the A, B, C and G zones to a depth in excess of 600 m. The higher grade C zone returned gold values up to 7.3 grams per tonne over one metre in TL11-369 and the B zone returned grades of 1.3 g/t over 31 metres in TL 11-367 and 2.06 g/t over 15 m in TL 11-376.
SUMMARY OF MONUMENT BAY DRILL RESULTS
Hole No. From To Intercept Au grade
(m) (m) (m) (g/t)
TL-11-366 534.00 536.00 2.00 3.58
TL-11-367 288.50 319.50 31.00 1.29
Including 288.50 289.50 1.00 9.37
TL-11-368 354.00 357.00 3.00 2.42
TL-11-368 378.10 379.10 1.00 5.10
TL-11-369 335.00 336.00 1.00 6.34
TL-11-369 425.30 430.00 4.70 2.31
TL-11-370 139.00 144.00 5.00 1.78
Including 139.00 140.00 1.00 4.97
TL-11-370 280.70 282.20 1.50 4.08
TL-11-370 296.70 301.10 4.40 2.99
Including 300.10 301.10 1.00 6.22
TL-11-371 381.20 392.20 11.00 1.08
TL-11-372 490.00 508.00 18.00 1.49
Including 490.00 497.00 7.00 1.90
TL-11-373 498.00 513.00 15.00 1.94
Including 502.00 506.00 4.00 3.47
Including 512.00 513.00 1.00 9.06
TL-11-374 344.00 346.00 2.00 3.62
TL-11-376 275.00 290.00 15.00 2.06
TL-11-377 221.00 223.00 2.00 5.91
Including 221.00 222.00 1.00 9.01
TL 11-374 to
TL 11-383 Pending
Bisher haben keine Insider verkauft.
Mega Precious drills 7.3 g/t Au over 1.0 m
2011-04-12 11:25 ET - News Release
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. Jim Rogers reports
MEGA REPORTS INITIAL RESULTS FROM THE WINTER PROGRAM ON THE MONUMENT BAY PROJECT
Mega Precious Metals Inc. has released the initial drill results from its multiphased drill program at the Monument Bay property, located in Northern Manitoba.
Eighteen diamond drill holes, totalling over 8,800 metres, have been drilled to date and the results from eight of these holes in the Monument Bay project have confirmed the extension of the A, B, C and G zones to a depth in excess of 600 m. The higher grade C zone returned gold values up to 7.3 grams per tonne over one metre in TL11-369 and the B zone returned grades of 1.3 g/t over 31 metres in TL 11-367 and 2.06 g/t over 15 m in TL 11-376.
SUMMARY OF MONUMENT BAY DRILL RESULTS
Hole No. From To Intercept Au grade
(m) (m) (m) (g/t)
TL-11-366 534.00 536.00 2.00 3.58
TL-11-367 288.50 319.50 31.00 1.29
Including 288.50 289.50 1.00 9.37
TL-11-368 354.00 357.00 3.00 2.42
TL-11-368 378.10 379.10 1.00 5.10
TL-11-369 335.00 336.00 1.00 6.34
TL-11-369 425.30 430.00 4.70 2.31
TL-11-370 139.00 144.00 5.00 1.78
Including 139.00 140.00 1.00 4.97
TL-11-370 280.70 282.20 1.50 4.08
TL-11-370 296.70 301.10 4.40 2.99
Including 300.10 301.10 1.00 6.22
TL-11-371 381.20 392.20 11.00 1.08
TL-11-372 490.00 508.00 18.00 1.49
Including 490.00 497.00 7.00 1.90
TL-11-373 498.00 513.00 15.00 1.94
Including 502.00 506.00 4.00 3.47
Including 512.00 513.00 1.00 9.06
TL-11-374 344.00 346.00 2.00 3.62
TL-11-376 275.00 290.00 15.00 2.06
TL-11-377 221.00 223.00 2.00 5.91
Including 221.00 222.00 1.00 9.01
TL 11-374 to
TL 11-383 Pending
Antwort auf Beitrag Nr.: 41.357.072 von Kostolanys Erbe am 12.04.11 19:43:10Wobei sich er zweite Teil gar nicht so schlecht liest:
The next phase drill and trenching programs will focus on deepening and laterally extending the high grade C zone, new zones and related structures.
On February 17, 2009 Rolling Rock Resources reported the results from the preliminary economic assessment study (the "Study" or, the "PEA") of the Monument Bay gold property. The assessment was completed by Beacon Hill Consultants (1988) Ltd. ("Beacon Hill") of Vancouver, B.C. to the standards of NI-43-101. "The Study includes over 95,000 metres of diamond drilling and some $28 million of expenditures since 2000 and comprises an inferred resource estimate and a conceptual mining plan. The inferred resource estimate at a 3g/t cut-off grade (ID3 math) is 6.3 million tonnes at 5.98g/t for 1,212,000 ounces of gold.
Mega has begun updating its resource statement and has contracted Wardrop Engineering Inc. to review and finalize our NI 43-101 statement for release by late summer 2011.
The Monument Bay deposit appears to be open in all directions and Mega management firmly believes that their Monument Bay property is part of a much larger gold system that encompasses the Twin Lakes/Stull Lake gold bearing structures.
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
The next phase drill and trenching programs will focus on deepening and laterally extending the high grade C zone, new zones and related structures.
On February 17, 2009 Rolling Rock Resources reported the results from the preliminary economic assessment study (the "Study" or, the "PEA") of the Monument Bay gold property. The assessment was completed by Beacon Hill Consultants (1988) Ltd. ("Beacon Hill") of Vancouver, B.C. to the standards of NI-43-101. "The Study includes over 95,000 metres of diamond drilling and some $28 million of expenditures since 2000 and comprises an inferred resource estimate and a conceptual mining plan. The inferred resource estimate at a 3g/t cut-off grade (ID3 math) is 6.3 million tonnes at 5.98g/t for 1,212,000 ounces of gold.
Mega has begun updating its resource statement and has contracted Wardrop Engineering Inc. to review and finalize our NI 43-101 statement for release by late summer 2011.
The Monument Bay deposit appears to be open in all directions and Mega management firmly believes that their Monument Bay property is part of a much larger gold system that encompasses the Twin Lakes/Stull Lake gold bearing structures.
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
Antwort auf Beitrag Nr.: 41.357.717 von Kubera am 12.04.11 21:46:36Ja, das stimmt! Aber im Moment sieht die Börse nur die kurzfristigen Resultate...
10 Bohrlöcher stehen aus...
Zudem fehlen noch aus dem Madsen Projekt noch ein paar Löcher...
hier noch mal die news vom 22.03.2011:
Mega Precious drills 31.5 m of 2.39 g/t Au at N Madsen
2011-03-22 11:20 ET - News Release
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. Jim Rogers reports
SIGNIFICANT GOLD GRADE RESULTS CONFIRMED AT NORTH MADSEN
Mega Precious Metals Inc. has released continued results at the North Madsen project from the Laverty corridor and Buffalo West extension horizons. Highlights include 30 metres of 3.87 grams per tonne within the Laverty corridor and 61.2 m of 1.58 g/t including 31.5 m of 2.39 g/t on the East My-Ritt, Buffalo west extension. These results are significant to the North Madsen open pit(s) concept.
MEGA 2011 NORTH MADSEN LAVERTY DRILL RESULTS
Hole No. Zone From To Intercept Au grade
(m) (m) (m) (g/t)
ML1184 Laverty corridor 147.0 151.0 4.0 2.25
ML1184 Laverty corridor 195.0 199.5 4.5 1.39
ML1185 Laverty corridor 70.5 78.0 7.5 1.56
ML1185 Laverty corridor 148.0 155.0 8.0 1.21
ML1186 Laverty corridor 24.0 50.0 26.0 0.78
incl. Laverty corridor 24.0 32.0 8.0 1.46
and Laverty corridor 40.0 50.0 10.0 0.72
ML1186 Laverty corridor 83.0 113.0 30.0 3.87
incl. Laverty corridor 87.0 95.0 8.0 6.04
and Laverty corridor 102.0 104.0 2.0 15.48
and Laverty corridor 109.0 113.0 4.0 6.05
ML1187 to 1191 Pending Abwarten!
10 Bohrlöcher stehen aus...
Zudem fehlen noch aus dem Madsen Projekt noch ein paar Löcher...
hier noch mal die news vom 22.03.2011:
Mega Precious drills 31.5 m of 2.39 g/t Au at N Madsen
2011-03-22 11:20 ET - News Release
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. Jim Rogers reports
SIGNIFICANT GOLD GRADE RESULTS CONFIRMED AT NORTH MADSEN
Mega Precious Metals Inc. has released continued results at the North Madsen project from the Laverty corridor and Buffalo West extension horizons. Highlights include 30 metres of 3.87 grams per tonne within the Laverty corridor and 61.2 m of 1.58 g/t including 31.5 m of 2.39 g/t on the East My-Ritt, Buffalo west extension. These results are significant to the North Madsen open pit(s) concept.
MEGA 2011 NORTH MADSEN LAVERTY DRILL RESULTS
Hole No. Zone From To Intercept Au grade
(m) (m) (m) (g/t)
ML1184 Laverty corridor 147.0 151.0 4.0 2.25
ML1184 Laverty corridor 195.0 199.5 4.5 1.39
ML1185 Laverty corridor 70.5 78.0 7.5 1.56
ML1185 Laverty corridor 148.0 155.0 8.0 1.21
ML1186 Laverty corridor 24.0 50.0 26.0 0.78
incl. Laverty corridor 24.0 32.0 8.0 1.46
and Laverty corridor 40.0 50.0 10.0 0.72
ML1186 Laverty corridor 83.0 113.0 30.0 3.87
incl. Laverty corridor 87.0 95.0 8.0 6.04
and Laverty corridor 102.0 104.0 2.0 15.48
and Laverty corridor 109.0 113.0 4.0 6.05
ML1187 to 1191 Pending Abwarten!
Nächste Nachricht:
Significant Gold Grade Results Continue at North Madsen
Thunder Bay, Ontario CANADA, April 13, 2011 /FSC/ - Mega Precious Metals Inc. (MGP - TSX Venture), is pleased to report continued results at the North Madsen Project from the Laverty Corridor. Highlights include 19.5 metres (m) of 2.19 grams per tonne (g/t) including 11.5 m of 3.19 g/t and 18.0 m of 2.13 g/t including 2.0 m of 9.6 g/t. These results continue to support the North Madsen open pit(s) concept. A summary of the drilling results are listed below.
-***-
-----------------------------------------------------------------
MEGA 2011
North Madsen Laverty Drill Results
-----------------------------------------------------------------
HOLE# ZONE FROM TO INTERCEPT Au Grade
(m) (m) (m) (g/t)
-----------------------------------------------------------------
ML1187 Laverty Corridor 30.0 69.0 39.0 0.62
incl Laverty Corridor 34.5 42.0 7.5 0.81
ML1187 Laverty Corridor 129.0 145.0 16.5 0.79
incl Laverty Corridor 132.0 139.5 7.5 1.00
ML1189 Laverty Corridor 128.0 259.5 131.5 0.49
incl Laverty Corridor 185.9 194.6 8.7 0.78
and Laverty Corridor 222.0 258.9 33.0 0.88
incl Laverty Corridor 222.0 226.5 4.5 3.02
ML1191 Laverty Corridor 124.5 144.0 19.5 2.19
incl Laverty Corridor 124.5 136.0 11.5 3.19
ML1192 Laverty Corridor 153.0 171.0 18.0 2.13
incl Laverty Corridor 153.0 155.0 2.0 9.60
ML1193 Laverty Corridor 57.0 127.0 70.0 0.63
incl Laverty Corridor 86.6 106.0 19.4 1.13
incl Laverty Corridor 86.6 89.1 2.5 4.7
-----------------------------------------------------------------
ML1194 - ML1198 Assays Pending
-----------------------------------------------------------------
-****-
Note: True Width is Approximately 65% of Intersection Width
Minimum Reported Interval of greater than or equal to 5 gram-metres using a variable cut-off grade of 0.4 g/t to 0.2 g/t
With the initial broad spaced drilling near completion, phase 2 delineation drilling programs focused on the higher grade chutes on the Buffalo West Extension and the Laverty Corridor will commence in early May. The goal of this follow-up program will be to define NI-43-101 compliant resources for release by mid to late summer.
Mega management believe that their Laverty and East My-Ritt properties are all part of a much larger gold system that encompasses the adjacent Howey, Hasaga and Gold Shore mines which historically produced approximately 640,000 ounces of gold. Mega has an option to acquire a 100% interest in both Laverty and East My-Ritt properties. The property mineralization hosts two styles of gold mineralization, including the near surface, steeply dipping north-northwest striking diabase Dyke Zone, and the east-west trending, steeply dipping gold mineralization in sheared granodiorite.
The prolific Red Lake camp has produced more than 25 million ounces of gold and production of about 700,000 ounces of gold per year continue as the district's production base from Goldcorp's Red Lake Gold Mines. When compared to other camps, Red Lake is still a young and developing camp where consolidation, mechanization, improvements to processing technology and "Big Picture" economics will improve margins and drive future success
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Shares Issued: 74,281,980
To view this press release as a web page, click onto the link below:
http://www.usetdas.com/pr/mega04132011.htm
Significant Gold Grade Results Continue at North Madsen
Thunder Bay, Ontario CANADA, April 13, 2011 /FSC/ - Mega Precious Metals Inc. (MGP - TSX Venture), is pleased to report continued results at the North Madsen Project from the Laverty Corridor. Highlights include 19.5 metres (m) of 2.19 grams per tonne (g/t) including 11.5 m of 3.19 g/t and 18.0 m of 2.13 g/t including 2.0 m of 9.6 g/t. These results continue to support the North Madsen open pit(s) concept. A summary of the drilling results are listed below.
-***-
-----------------------------------------------------------------
MEGA 2011
North Madsen Laverty Drill Results
-----------------------------------------------------------------
HOLE# ZONE FROM TO INTERCEPT Au Grade
(m) (m) (m) (g/t)
-----------------------------------------------------------------
ML1187 Laverty Corridor 30.0 69.0 39.0 0.62
incl Laverty Corridor 34.5 42.0 7.5 0.81
ML1187 Laverty Corridor 129.0 145.0 16.5 0.79
incl Laverty Corridor 132.0 139.5 7.5 1.00
ML1189 Laverty Corridor 128.0 259.5 131.5 0.49
incl Laverty Corridor 185.9 194.6 8.7 0.78
and Laverty Corridor 222.0 258.9 33.0 0.88
incl Laverty Corridor 222.0 226.5 4.5 3.02
ML1191 Laverty Corridor 124.5 144.0 19.5 2.19
incl Laverty Corridor 124.5 136.0 11.5 3.19
ML1192 Laverty Corridor 153.0 171.0 18.0 2.13
incl Laverty Corridor 153.0 155.0 2.0 9.60
ML1193 Laverty Corridor 57.0 127.0 70.0 0.63
incl Laverty Corridor 86.6 106.0 19.4 1.13
incl Laverty Corridor 86.6 89.1 2.5 4.7
-----------------------------------------------------------------
ML1194 - ML1198 Assays Pending
-----------------------------------------------------------------
-****-
Note: True Width is Approximately 65% of Intersection Width
Minimum Reported Interval of greater than or equal to 5 gram-metres using a variable cut-off grade of 0.4 g/t to 0.2 g/t
With the initial broad spaced drilling near completion, phase 2 delineation drilling programs focused on the higher grade chutes on the Buffalo West Extension and the Laverty Corridor will commence in early May. The goal of this follow-up program will be to define NI-43-101 compliant resources for release by mid to late summer.
Mega management believe that their Laverty and East My-Ritt properties are all part of a much larger gold system that encompasses the adjacent Howey, Hasaga and Gold Shore mines which historically produced approximately 640,000 ounces of gold. Mega has an option to acquire a 100% interest in both Laverty and East My-Ritt properties. The property mineralization hosts two styles of gold mineralization, including the near surface, steeply dipping north-northwest striking diabase Dyke Zone, and the east-west trending, steeply dipping gold mineralization in sheared granodiorite.
The prolific Red Lake camp has produced more than 25 million ounces of gold and production of about 700,000 ounces of gold per year continue as the district's production base from Goldcorp's Red Lake Gold Mines. When compared to other camps, Red Lake is still a young and developing camp where consolidation, mechanization, improvements to processing technology and "Big Picture" economics will improve margins and drive future success
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Shares Issued: 74,281,980
To view this press release as a web page, click onto the link below:
http://www.usetdas.com/pr/mega04132011.htm
Antwort auf Beitrag Nr.: 41.361.676 von Kubera am 13.04.11 15:41:00Diese Bohrlöcher fehlen noch ...ML1194 - ML1198 Assays Pending
und das folgt noch...
With the initial broad spaced drilling near completion, phase 2 delineation drilling programs focused on the higher grade chutes on the Buffalo West Extension and the Laverty Corridor will commence in early May. The goal of this follow-up program will be to define NI-43-101 compliant resources for release by mid to late summer.
Die Kursreaktion verstehe ich nicht....
und das folgt noch...
With the initial broad spaced drilling near completion, phase 2 delineation drilling programs focused on the higher grade chutes on the Buffalo West Extension and the Laverty Corridor will commence in early May. The goal of this follow-up program will be to define NI-43-101 compliant resources for release by mid to late summer.
Die Kursreaktion verstehe ich nicht....
Antwort auf Beitrag Nr.: 41.363.029 von Kostolanys Erbe am 13.04.11 18:34:44Versteh ich auch nicht nach dem Kursverlauf von gestern.
Warten wir auf den Schlusskurs.
Warten wir auf den Schlusskurs.
MEGA PRECIOUS METALS HAS THE HIGHEST UPSIDE POTENTIAL IN THE PRECIOUS METALS & MINERALS INDUSTRY (MPRXF, PZG, ECUXF, SWC, PLG)
Apr 15, 2011 (SmarTrend(R) News Watch via COMTEX) -- Below are the top five companies in the Precious Metals & Minerals industry as measured by the potential gains between the current stock price and the projected average analyst target.
Mega Precious Metals (NASDAQ:MPRXF) has a potential upside of 325.1% based on a current price of $0.48 and an average consensus analyst price target of $2.04.
...
Quelle: http://www.zacks.com/research/get_news.php?id=105l4490
Apr 15, 2011 (SmarTrend(R) News Watch via COMTEX) -- Below are the top five companies in the Precious Metals & Minerals industry as measured by the potential gains between the current stock price and the projected average analyst target.
Mega Precious Metals (NASDAQ:MPRXF) has a potential upside of 325.1% based on a current price of $0.48 and an average consensus analyst price target of $2.04.
...
Quelle: http://www.zacks.com/research/get_news.php?id=105l4490
FSC / Press Release
Mega Precious Metals Acquires 100% Option on Satterly / Casummit Lake Property
Thunder Bay, Ontario CANADA, May 09, 2011 /FSC/ - Mega Precious Metals Inc. (MGP - TSX Venture), ("Mega") is pleased to announce that it has signed a definitive agreement to acquire a 100% interest in twenty two (22) mining claims located in the Satterly and Casummit Lake Area of the Red Lake Mining Division in the Province of Ontario, from Perry English on behalf of Rubicon Minerals Corporation ("Vendor").
The "Satterly Gold Project" encompasses 4,736 hectares (11,698 acres) located approximately 100 kilometres east of Red Lake, Ontario. The property is located in the north eastern part of the Birch-Uchi greenstone belt within the Uchi Sub-province of the Archean Superior Province, lies south west of and abuts "Gold Canyon's" new discoveries at Springpole Gold Project.
The Satterly Gold Project, based on regional mapping, is centrally located between steeply dipping north-east and north-west trending deformation zones and consists of northwest to east west trending metasediments and metavolcanics. Historically gold mineralization on adjacent properties is associated with sulphide disseminations and quartz carbonate veinlets that are hosted in shear zones within the metavolcanics and metasediments. Gold Canyon Resources Inc. (Gold Canyon) speaking to their Springpole Gold Project in their March 15, 2011 news release stated that "Springpole is an alkaline intrusion hosting a gold system that represents a new style of Canadian Archean Shield gold deposit." This new interpretation of the Springpole resource adds another exciting element to the area.
Recent results released by Gold Canyon for their Springpole Gold Project, "Portage Zone" on March 15th and March 29th included 100.5 metres (m) at 7.23 grams per tonne (g/t) and 150m at 2.56 g/t respectfully. Mega's immediate exploration plans include air photography and airborne geophysics to identify structures and or intrusions that may control or host mineralization. Compilation of this and other historical information will lead to a summer program of ground prospecting and selected geochemistry on areas of interest.
Terms of the option agreement for a 100% interest to the mineral rights include cash payments totaling CAD$133,000.00 and issuance of 150,000 common shares of Mega. The initial payment obligation at signing of the Purchase Option Agreement between the parties is CAD$40,000.00 and an issuance of 50,000 Mega shares.
The Vendor retains a 2.0% Net Smelter Royalty (NSR) and Mega or its assigns has the right at any time to purchase one-half (1/2) of the NSR by way of a one time payment to the Vendor of the sum of one million dollars ($1,000,000) in Canadian funds.
Terms and share issuance remain subject to TSX Venture Exchange and all regulatory approvals.
Location of Satterly Gold Project within the Uchi Sub-Province
To view the map of the Satterly Gold Project, click on the link below or paste the link into your browser:
www.usetdas.com/maps/mega/MGPSatterlyGold.pdf
Jim Rogers states, "We are extremely excited to have the opportunity to acquire this large unexplored piece of ground that sits next to Gold Canyon's Spring Pole Gold Project. We believe that this area is only beginning to demonstrate its' true potential."
The Satterly Gold Project is Mega's third strategic property that is located within the Red Lake Mining Division. The initial two Red Lake focused projects are the Headway Project that abuts Goldcorp's high grade Red Lake Gold Mines and the North Madsen Projects that are located beside the historical Howie, Hasaga and Gold Shore Mines.
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable.. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
May 9, 2011
Shares Issued: 74,281,980
To view this press release as a web page, click onto the link below:
www.usetdas.com/PR/megaprecious09052011.htm
Mega Precious Metals Acquires 100% Option on Satterly / Casummit Lake Property
Thunder Bay, Ontario CANADA, May 09, 2011 /FSC/ - Mega Precious Metals Inc. (MGP - TSX Venture), ("Mega") is pleased to announce that it has signed a definitive agreement to acquire a 100% interest in twenty two (22) mining claims located in the Satterly and Casummit Lake Area of the Red Lake Mining Division in the Province of Ontario, from Perry English on behalf of Rubicon Minerals Corporation ("Vendor").
The "Satterly Gold Project" encompasses 4,736 hectares (11,698 acres) located approximately 100 kilometres east of Red Lake, Ontario. The property is located in the north eastern part of the Birch-Uchi greenstone belt within the Uchi Sub-province of the Archean Superior Province, lies south west of and abuts "Gold Canyon's" new discoveries at Springpole Gold Project.
The Satterly Gold Project, based on regional mapping, is centrally located between steeply dipping north-east and north-west trending deformation zones and consists of northwest to east west trending metasediments and metavolcanics. Historically gold mineralization on adjacent properties is associated with sulphide disseminations and quartz carbonate veinlets that are hosted in shear zones within the metavolcanics and metasediments. Gold Canyon Resources Inc. (Gold Canyon) speaking to their Springpole Gold Project in their March 15, 2011 news release stated that "Springpole is an alkaline intrusion hosting a gold system that represents a new style of Canadian Archean Shield gold deposit." This new interpretation of the Springpole resource adds another exciting element to the area.
Recent results released by Gold Canyon for their Springpole Gold Project, "Portage Zone" on March 15th and March 29th included 100.5 metres (m) at 7.23 grams per tonne (g/t) and 150m at 2.56 g/t respectfully. Mega's immediate exploration plans include air photography and airborne geophysics to identify structures and or intrusions that may control or host mineralization. Compilation of this and other historical information will lead to a summer program of ground prospecting and selected geochemistry on areas of interest.
Terms of the option agreement for a 100% interest to the mineral rights include cash payments totaling CAD$133,000.00 and issuance of 150,000 common shares of Mega. The initial payment obligation at signing of the Purchase Option Agreement between the parties is CAD$40,000.00 and an issuance of 50,000 Mega shares.
The Vendor retains a 2.0% Net Smelter Royalty (NSR) and Mega or its assigns has the right at any time to purchase one-half (1/2) of the NSR by way of a one time payment to the Vendor of the sum of one million dollars ($1,000,000) in Canadian funds.
Terms and share issuance remain subject to TSX Venture Exchange and all regulatory approvals.
Location of Satterly Gold Project within the Uchi Sub-Province
To view the map of the Satterly Gold Project, click on the link below or paste the link into your browser:
www.usetdas.com/maps/mega/MGPSatterlyGold.pdf
Jim Rogers states, "We are extremely excited to have the opportunity to acquire this large unexplored piece of ground that sits next to Gold Canyon's Spring Pole Gold Project. We believe that this area is only beginning to demonstrate its' true potential."
The Satterly Gold Project is Mega's third strategic property that is located within the Red Lake Mining Division. The initial two Red Lake focused projects are the Headway Project that abuts Goldcorp's high grade Red Lake Gold Mines and the North Madsen Projects that are located beside the historical Howie, Hasaga and Gold Shore Mines.
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable.. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
May 9, 2011
Shares Issued: 74,281,980
To view this press release as a web page, click onto the link below:
www.usetdas.com/PR/megaprecious09052011.htm
Antwort auf Beitrag Nr.: 41.474.072 von Kubera am 09.05.11 17:33:40 TOP news!
Weiterhin wenig Volumen!
aktueller Factsheet:
http://www.megapmi.com/assets/files/Mega%20FactSheet%20%20Ma…
New York Hard Assets
Monday, May 9, 2011 - Tuesday, May 10, 2011
New York Marriott Marquis
1535 Broadway
New York, NY
Jim Rogers, President & CEO will be attending, Booth 604
Mr. Rogers will be presenting on Tuesday, May 10 at 4:50pm
6th Floor, Broadway Ballroom South
TOP news! Weiterhin wenig Volumen!
aktueller Factsheet:
http://www.megapmi.com/assets/files/Mega%20FactSheet%20%20Ma…
New York Hard Assets
Monday, May 9, 2011 - Tuesday, May 10, 2011
New York Marriott Marquis
1535 Broadway
New York, NY
Jim Rogers, President & CEO will be attending, Booth 604
Mr. Rogers will be presenting on Tuesday, May 10 at 4:50pm
6th Floor, Broadway Ballroom South
Nice !!!
Leider bin ich nicht mehr zum Nachkaufen gekommen ...
May 18th, 2011:
Mega Precious Metals Inc. (TSX Venture: MGP)
Current Price: $0.37
www.megapmi.com
Important: NIA never recommends that you buy or sell any stock. We are not investment advisors and don't provide investment advise. NIA strongly warns when buying or selling any stock that you always use a limit order and never use a market order. It is also a good idea to always be patient and never chase a stock if it rises above the price you liked it at.
NIA is pleased to announce to you its latest gold stock suggestion. The company is Mega Precious Metals, Inc. and it is trading in Canada on the TSX Venture exchange under ticker symbol MGP and in the U.S. on the pink sheets under ticker symbol MPRXF.
MGP is a gold exploration company with three major gold exploration projects in Canada. MGP's most advanced exploration project Monument Bay is located in North East Manitoba. MGP has two earlier stage exploration projects located in Red Lake, Ontario called North Madsen and Headway.
MGP has 74.3 million shares outstanding and at its current share price of $0.37, MGP has a market cap of $27.49 million. In February, MGP closed on a private placement in which it raised $11.5 million by issuing 14.375 million shares at a price of $0.80 per share. MGP is currently sitting on around $10 million in cash.
MGP's current share price is less than HALF of where major investors invested $11.5 million into the company only three months ago! To the best of our knowledge, nothing negative has happened to the company since then. The stock has slowly drifted downward on very low volume averaging only 75,687 shares per day. We believe MGP is an undervalued, undiscovered gem, with astronomical upside potential once the investment community discovers it.
MGP's Monument Bay property has an inferred resource of 1,212,000 ounces of gold! If you subtract MGP's estimated $10 million in cash from its current market cap at $0.37 of $27.49 million, the market is valuing MGP's 1.2 MILLION ounce gold resource at Monument Bay at only $14.43 per ounce! Gold is currently $1,483 per ounce, which means MGP's NI 43-101 compliant gold resource base is being valued at less than 1/100th the price of gold!
That's also not giving MGP any value at all for their North Madsen and Headway properties in Red Lake, Ontario. Not many people know this, but gold was first discovered in Red Lake in 1926 and less than a decade later in 1936, Red Lake's Howey Bay became the busiest airport in the world with more flights taking off and landing per hour than any other airport in existence worldwide.
Goldcorp (GG), which currently has a $38.9 BILLION market cap, has a gold mine at Red Lake called the Red Lake Gold Mine, which is Canada's LARGEST gold mine! In 2010, GG's Red Lake Gold Mine produced 703,300 ounces of gold at a cash cost of only $297 per ounce.
MGP's North Madsen properties at Red Lake are comprised of the land packages of Laverty and East My-Ritt. The Laverty claim consists of six patented mining claims totaling approximately 240 acres that are contiguous with the historic Hasaga and Howey gold mine properties, which produced approximately 640,000 ounces of gold within similar host rock to those located on the Laverty property. Historic exploration on the Laverty property has confirmed the presence of extensive near-surface gold mineralization.
MGP's East My-Ritt property consists of eight patented mining claims totaling approximately 320 acres that are contiguous with MGP's Laverty property and adjacent to the historic Hasaga and Howey gold mine properties. Gold occurrences spatially associated with the structure include diamond drill intersections grading 18.2 g/t gold over 3.5m and 7.43 g/t gold over 1.0m.
MGP's Headway property consists of six (6) patented claims and one (1) unpatented claim units totaling approximately 320 acres. The property appears to have all of the essential geological elements including a well-developed intersection pattern of stratigraphic, shear / deformation zones that are associated with the high grade gold system on the adjacent mine properties.
MGP has an experienced management team that is committed to an accelerated growth strategy to develop MGP's projects. MGP's CEO Jim Rogers was previously GG's Regional Exploration Manager for the Red Lake region who was credited with discovering GG's high grade zone at their Red Lake Gold Mine. That's right, the person who discovered the high grade gold zone at the Red Lake Gold Mine, the largest gold mine in Canada, which produced 703,300 ounces of gold last year and is owned by GG, a $38.9 billion company, has now become the CEO of MGP and MGP owns two major properties at Red Lake that NIA believes the market is currently giving absolutely no value to.
MGP's Chairman is Ewan Downie, who is currently also the President and CEO of Premier Gold Mines (TSX: PG), a $624 million company. He was previously the President and CEO of Wolfden Resources, which was acquired by Zinifex Limited for $360 million.
NIA does not own a position in MGP. NIA could accumulate a position in MGP in the future. If NIA decides to purchase MGP shares, it will be fully disclosed here.
http://www.inflation.us/mgp.html
Mega Precious Metals Inc. (TSX Venture: MGP)
Current Price: $0.37
www.megapmi.com
Important: NIA never recommends that you buy or sell any stock. We are not investment advisors and don't provide investment advise. NIA strongly warns when buying or selling any stock that you always use a limit order and never use a market order. It is also a good idea to always be patient and never chase a stock if it rises above the price you liked it at.
NIA is pleased to announce to you its latest gold stock suggestion. The company is Mega Precious Metals, Inc. and it is trading in Canada on the TSX Venture exchange under ticker symbol MGP and in the U.S. on the pink sheets under ticker symbol MPRXF.
MGP is a gold exploration company with three major gold exploration projects in Canada. MGP's most advanced exploration project Monument Bay is located in North East Manitoba. MGP has two earlier stage exploration projects located in Red Lake, Ontario called North Madsen and Headway.
MGP has 74.3 million shares outstanding and at its current share price of $0.37, MGP has a market cap of $27.49 million. In February, MGP closed on a private placement in which it raised $11.5 million by issuing 14.375 million shares at a price of $0.80 per share. MGP is currently sitting on around $10 million in cash.
MGP's current share price is less than HALF of where major investors invested $11.5 million into the company only three months ago! To the best of our knowledge, nothing negative has happened to the company since then. The stock has slowly drifted downward on very low volume averaging only 75,687 shares per day. We believe MGP is an undervalued, undiscovered gem, with astronomical upside potential once the investment community discovers it.
MGP's Monument Bay property has an inferred resource of 1,212,000 ounces of gold! If you subtract MGP's estimated $10 million in cash from its current market cap at $0.37 of $27.49 million, the market is valuing MGP's 1.2 MILLION ounce gold resource at Monument Bay at only $14.43 per ounce! Gold is currently $1,483 per ounce, which means MGP's NI 43-101 compliant gold resource base is being valued at less than 1/100th the price of gold!
That's also not giving MGP any value at all for their North Madsen and Headway properties in Red Lake, Ontario. Not many people know this, but gold was first discovered in Red Lake in 1926 and less than a decade later in 1936, Red Lake's Howey Bay became the busiest airport in the world with more flights taking off and landing per hour than any other airport in existence worldwide.
Goldcorp (GG), which currently has a $38.9 BILLION market cap, has a gold mine at Red Lake called the Red Lake Gold Mine, which is Canada's LARGEST gold mine! In 2010, GG's Red Lake Gold Mine produced 703,300 ounces of gold at a cash cost of only $297 per ounce.
MGP's North Madsen properties at Red Lake are comprised of the land packages of Laverty and East My-Ritt. The Laverty claim consists of six patented mining claims totaling approximately 240 acres that are contiguous with the historic Hasaga and Howey gold mine properties, which produced approximately 640,000 ounces of gold within similar host rock to those located on the Laverty property. Historic exploration on the Laverty property has confirmed the presence of extensive near-surface gold mineralization.
MGP's East My-Ritt property consists of eight patented mining claims totaling approximately 320 acres that are contiguous with MGP's Laverty property and adjacent to the historic Hasaga and Howey gold mine properties. Gold occurrences spatially associated with the structure include diamond drill intersections grading 18.2 g/t gold over 3.5m and 7.43 g/t gold over 1.0m.
MGP's Headway property consists of six (6) patented claims and one (1) unpatented claim units totaling approximately 320 acres. The property appears to have all of the essential geological elements including a well-developed intersection pattern of stratigraphic, shear / deformation zones that are associated with the high grade gold system on the adjacent mine properties.
MGP has an experienced management team that is committed to an accelerated growth strategy to develop MGP's projects. MGP's CEO Jim Rogers was previously GG's Regional Exploration Manager for the Red Lake region who was credited with discovering GG's high grade zone at their Red Lake Gold Mine. That's right, the person who discovered the high grade gold zone at the Red Lake Gold Mine, the largest gold mine in Canada, which produced 703,300 ounces of gold last year and is owned by GG, a $38.9 billion company, has now become the CEO of MGP and MGP owns two major properties at Red Lake that NIA believes the market is currently giving absolutely no value to.
MGP's Chairman is Ewan Downie, who is currently also the President and CEO of Premier Gold Mines (TSX: PG), a $624 million company. He was previously the President and CEO of Wolfden Resources, which was acquired by Zinifex Limited for $360 million.
NIA does not own a position in MGP. NIA could accumulate a position in MGP in the future. If NIA decides to purchase MGP shares, it will be fully disclosed here.
http://www.inflation.us/mgp.html
Antwort auf Beitrag Nr.: 41.522.933 von Kubera am 18.05.11 20:56:09 schöner Beitrag für MGP!
Wenn jetzt noch positive news aus MB & North Madsen kommen...da
stehen noch ein paar Bohrergebnisse aus.
Aus dem Headway Projekt sollte dann Ende Juli / August evtl news kommen.
Mal sehen, wo wir heute Abend schliessen.
schöner Beitrag für MGP!Wenn jetzt noch positive news aus MB & North Madsen kommen...da
stehen noch ein paar Bohrergebnisse aus.
Aus dem Headway Projekt sollte dann Ende Juli / August evtl news kommen.
Mal sehen, wo wir heute Abend schliessen.
Mega Precious, Rubicon Minerals property agreement
2011-05-26 16:56 ET - Property Agreement
The TSX Venture Exchange has accepted for filing an option agreement dated May 3, 2011, between Mega Precious Metals Inc. and Perry Vern English, for and on behalf of Rubicon Minerals Corp., whereby the company will acquire a 100-per-cent interest in 22 mining claims located in the Satterly and Casummit Lake area of the Red Lake mining district, Ontario.
Total consideration consists of $133,000 in cash payments and 150,000 shares of the company as follows:
Upon exchange approval, $40,000 cash and 50,000 shares;
By May 3, 2012, $12,000 cash and 50,000 shares;
By May 3, 2012, $16,000 cash and 50,000 shares;
By May 3, 2012, $25,000 cash;
By May 3, 2012, $40,000 cash.
Quelle: http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMGP-18454…
2011-05-26 16:56 ET - Property Agreement
The TSX Venture Exchange has accepted for filing an option agreement dated May 3, 2011, between Mega Precious Metals Inc. and Perry Vern English, for and on behalf of Rubicon Minerals Corp., whereby the company will acquire a 100-per-cent interest in 22 mining claims located in the Satterly and Casummit Lake area of the Red Lake mining district, Ontario.
Total consideration consists of $133,000 in cash payments and 150,000 shares of the company as follows:
Upon exchange approval, $40,000 cash and 50,000 shares;
By May 3, 2012, $12,000 cash and 50,000 shares;
By May 3, 2012, $16,000 cash and 50,000 shares;
By May 3, 2012, $25,000 cash;
By May 3, 2012, $40,000 cash.
Quelle: http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMGP-18454…
Antwort auf Beitrag Nr.: 41.570.834 von Kubera am 28.05.11 12:22:53und weiter geht es mit NIA:
http://inflation.us/blog/2011/05/mgp-vs-valuations-of-red-la…
http://inflation.us/blog/2011/05/mgp-vs-valuations-of-red-la…
FSC / Press Release
Mega Reports North Madsen Results
Thunder Bay, Ontario CANADA, May 31, 2011 /FSC/ - Mega Precious Metals Inc. (MGP - TSX Venture), is pleased to announce continuing results from the Laverty Corridor at the North Madsen Project in Red Lake Ontario. Highlights include 33.0 metres (m) of 2.36 grams per tonne (g/t) including 2.0 m of 24.69 g/t., further demonstrating the open pit potential within the N. Madsen project.
The Laverty Corridor & Dyke remain open at depth. Significant results to date include:
* 19.5 m of 2.19 g/t (Laverty Corridor)
* 18.0 m of 2.13 g/t (Laverty Corridor)
* 30.0 m of 3.87 g/t (Laverty Corridor)
* 40.0 m of 1.33 g/t (Laverty Corridor)
* 27.0 m of 1.21 g/t (Laverty Corridor)
* 54.8 m of 1.02 g/t (Laverty Corridor)
* 16.4 m of 2.51 g/t (Laverty Corridor)
* 10.0 m of 4.93 g/t (Laverty Corridor)
* 11.2 m of 7.70 g/t (Laverty Corridor)
Jim Rogers, President and CEO of Mega states, "The drill results on both the Laverty and East My-Ritt Properties continue to demonstrate the near surface Gold Potential of the North Madsen Project. Our exploration model and business plan is consistent with that of Goldcorp, who during their May 20th, 2010 Investor Day presentation discussed "District Optimization" and confirmed the evaluation of a Red Lake (Balmertown) Open Pit as a strategic priority."
The purpose of this multi-phased drill program was to upgrade the multiple mineralized zones located throughout the property. With the delineation of the Laverty Corridor complete, diamond drilling is now focused on delineation of the East My-Ritt Buffalo West Extension.
In 2010, diamond drilling at North Madsen successfully outlined a NI 43-101 indicated resource of 395,000t at 2.56 g/t on a portion of the Laverty Dyke zone. Mega has commenced a detailed resource modeling project of all mineralized zones with the goal to complete an updated/increased NI 43-101 compliant resource estimate on the North Madsen Property by mid summer 2011. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
A summary of the recent drilling results are listed below.
----------------------------------------------------------------
MEGA 2011
North Madsen Drill Results
----------------------------------------------------------------
HOLE# ZONE FROM TO INTERCEPT Au Grade
(m) (m) (m) (g/t)
----------------------------------------------------------------
ML1193 Laverty Corridor 55.5 61.5 6.0 0.77
ML1193 Laverty Corridor 78.0 106.0 28.0 1.08
incl Laverty Corridor 78.0 89.1 11.0 1.80
incl Laverty Corridor 86.6 89.1 2.5 6.42
ML1194 Laverty Corridor 108.0 116.0 8.0 0.86
ML1197 Laverty Corridor 71.5 79.0 7.5 0.97
ML1197 Laverty Corridor 95.0 127.5 32.5 0.52
ML1198 Laverty Corridor 147.0 166.5 19.5 0.84
incl Laverty Corridor 147.0 162.0 15.0 0.97
ML1198 Laverty Corridor 196.5 234.0 37.5 0.96
incl Laverty Corridor 196.5 204.0 7.5 1.26
and Laverty Corridor 225.0 234.0 9.0 1.72
ML1199 Laverty Corridor 258.0 271.5 13.5 0.86
ML11100 Laverty Corridor 37.5 59.0 21.5 0.93
ML11100 Laverty Corridor 84.0 117.0 33.0 2.36
incl Laverty Corridor 84.0 107.0 23.0 3.13
incl Laverty Corridor 84.0 86.0 2.0 24.69
and Laverty Corridor 93.0 107.0 14.0 1.56
ML11101 Laverty Corridor 28.2 119.0 90.8 0.53
incl Laverty Corridor 28.2 30.0 1.8 4.13
and Laverty Corridor 52.5 57.0 4.5 1.97
ML11101 Laverty Corridor 130.5 223.5 93.0 0.63
incl Laverty Corridor 159.0 162.0 3.0 2.06
and Laverty Corridor 183.0 189.0 6.0 1.40
and Laverty Corridor 208.5 223.5 15.0 1.16
incl Laverty Corridor 208.5 216.0 7.5 1.70
ML11102 Laverty Corridor 228.0 265.5 37.5 1.02
----------------------------------------------------------------
-****-
Note: True Width is Approximately 65% of Intersection Width
Minimum Reported Interval of greater than or equal to 5 gram-metres using a variable cut-off grade of 0.4 g/t to 0.2 g/t
Mega management believe that their Laverty and East My-Ritt properties are all part of a much larger gold system that encompasses the adjacent Howey, Hasaga and Gold Shore mines which historically produced approximately 640,000 ounces of gold. Mega has an option to acquire a 100% interest in both Laverty and East My-Ritt properties. The property mineralization hosts two styles of gold mineralization, including the near surface, steeply dipping north-northwest striking diabase Dyke Zone, and the east-west trending, steeply dipping gold mineralization in sheared granodiorite.
The prolific Red Lake camp has produced more than 25 million ounces of gold and production of about 700,000 ounces of gold per year continue as the district's production base from Goldcorp's Red Lake Gold Mines. When compared to other camps, Red Lake is still a young and developing camp where consolidation, mechanization, improvements to processing technology and "Big Picture" economics will improve margins and drive future success
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/mega05312011.htm
Mega Reports North Madsen Results
Thunder Bay, Ontario CANADA, May 31, 2011 /FSC/ - Mega Precious Metals Inc. (MGP - TSX Venture), is pleased to announce continuing results from the Laverty Corridor at the North Madsen Project in Red Lake Ontario. Highlights include 33.0 metres (m) of 2.36 grams per tonne (g/t) including 2.0 m of 24.69 g/t., further demonstrating the open pit potential within the N. Madsen project.
The Laverty Corridor & Dyke remain open at depth. Significant results to date include:
* 19.5 m of 2.19 g/t (Laverty Corridor)
* 18.0 m of 2.13 g/t (Laverty Corridor)
* 30.0 m of 3.87 g/t (Laverty Corridor)
* 40.0 m of 1.33 g/t (Laverty Corridor)
* 27.0 m of 1.21 g/t (Laverty Corridor)
* 54.8 m of 1.02 g/t (Laverty Corridor)
* 16.4 m of 2.51 g/t (Laverty Corridor)
* 10.0 m of 4.93 g/t (Laverty Corridor)
* 11.2 m of 7.70 g/t (Laverty Corridor)
Jim Rogers, President and CEO of Mega states, "The drill results on both the Laverty and East My-Ritt Properties continue to demonstrate the near surface Gold Potential of the North Madsen Project. Our exploration model and business plan is consistent with that of Goldcorp, who during their May 20th, 2010 Investor Day presentation discussed "District Optimization" and confirmed the evaluation of a Red Lake (Balmertown) Open Pit as a strategic priority."
The purpose of this multi-phased drill program was to upgrade the multiple mineralized zones located throughout the property. With the delineation of the Laverty Corridor complete, diamond drilling is now focused on delineation of the East My-Ritt Buffalo West Extension.
In 2010, diamond drilling at North Madsen successfully outlined a NI 43-101 indicated resource of 395,000t at 2.56 g/t on a portion of the Laverty Dyke zone. Mega has commenced a detailed resource modeling project of all mineralized zones with the goal to complete an updated/increased NI 43-101 compliant resource estimate on the North Madsen Property by mid summer 2011. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
A summary of the recent drilling results are listed below.
----------------------------------------------------------------
MEGA 2011
North Madsen Drill Results
----------------------------------------------------------------
HOLE# ZONE FROM TO INTERCEPT Au Grade
(m) (m) (m) (g/t)
----------------------------------------------------------------
ML1193 Laverty Corridor 55.5 61.5 6.0 0.77
ML1193 Laverty Corridor 78.0 106.0 28.0 1.08
incl Laverty Corridor 78.0 89.1 11.0 1.80
incl Laverty Corridor 86.6 89.1 2.5 6.42
ML1194 Laverty Corridor 108.0 116.0 8.0 0.86
ML1197 Laverty Corridor 71.5 79.0 7.5 0.97
ML1197 Laverty Corridor 95.0 127.5 32.5 0.52
ML1198 Laverty Corridor 147.0 166.5 19.5 0.84
incl Laverty Corridor 147.0 162.0 15.0 0.97
ML1198 Laverty Corridor 196.5 234.0 37.5 0.96
incl Laverty Corridor 196.5 204.0 7.5 1.26
and Laverty Corridor 225.0 234.0 9.0 1.72
ML1199 Laverty Corridor 258.0 271.5 13.5 0.86
ML11100 Laverty Corridor 37.5 59.0 21.5 0.93
ML11100 Laverty Corridor 84.0 117.0 33.0 2.36
incl Laverty Corridor 84.0 107.0 23.0 3.13
incl Laverty Corridor 84.0 86.0 2.0 24.69
and Laverty Corridor 93.0 107.0 14.0 1.56
ML11101 Laverty Corridor 28.2 119.0 90.8 0.53
incl Laverty Corridor 28.2 30.0 1.8 4.13
and Laverty Corridor 52.5 57.0 4.5 1.97
ML11101 Laverty Corridor 130.5 223.5 93.0 0.63
incl Laverty Corridor 159.0 162.0 3.0 2.06
and Laverty Corridor 183.0 189.0 6.0 1.40
and Laverty Corridor 208.5 223.5 15.0 1.16
incl Laverty Corridor 208.5 216.0 7.5 1.70
ML11102 Laverty Corridor 228.0 265.5 37.5 1.02
----------------------------------------------------------------
-****-
Note: True Width is Approximately 65% of Intersection Width
Minimum Reported Interval of greater than or equal to 5 gram-metres using a variable cut-off grade of 0.4 g/t to 0.2 g/t
Mega management believe that their Laverty and East My-Ritt properties are all part of a much larger gold system that encompasses the adjacent Howey, Hasaga and Gold Shore mines which historically produced approximately 640,000 ounces of gold. Mega has an option to acquire a 100% interest in both Laverty and East My-Ritt properties. The property mineralization hosts two styles of gold mineralization, including the near surface, steeply dipping north-northwest striking diabase Dyke Zone, and the east-west trending, steeply dipping gold mineralization in sheared granodiorite.
The prolific Red Lake camp has produced more than 25 million ounces of gold and production of about 700,000 ounces of gold per year continue as the district's production base from Goldcorp's Red Lake Gold Mines. When compared to other camps, Red Lake is still a young and developing camp where consolidation, mechanization, improvements to processing technology and "Big Picture" economics will improve margins and drive future success
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/mega05312011.htm
Mega Announces Major Mineralization Extensions and Continues to Define Gold Mineralization at the Monument Bay Project
Mega Precious Metals Inc MGP
6/13/2011 1:30:00 PM
Thunder Bay, ON June 13, 2011
FSC / Press Release
Mega Announces Major Mineralization Extensions and Continues to Define Gold Mineralization at the Monument Bay Project
Thunder Bay, Ontario CANADA, June 13, 2011 /FSC/ - Mega Precious Metals Inc. (TSX - VX: MGP), is pleased to report that definition and step out drilling during the winter/spring drill program has extended 7 of the 18 mineralized zones by as much as 500 metres along strike and upwards of 150 metres down plunge. In addition, the program further delineated four (4) new mineralized structures.
Robust widths and grades are continuing to be encountered as ongoing drilling has increased the mineralized zones both westward and to depth as demonstrated by the most recent drill holes to date. Highlights of the program include C zone TL11-380 which intersected 15.98 g/tonne over 1 metre at a depth of 425 metres below surface and TL -11-385 which intersected 16.15 g/tonne over 0.3 metres at a depth of 567 metres, as well as TL -11-380 which intersected 9.51 g/tonne over 1.3 metres at a depth of 499 metres below the surface on the B zone.
A summary of the ongoing drilling results are listed below:
-------------------------------------------------
MEGA 2011
Monument Bay Drill Results
-------------------------------------------------
HOLE# ZONE FROM TO INTERCEPT Au Grade
(m) (m) (m) (g/t)
-------------------------------------------------
TL-11-377 B 221.00 223.00 2.00 5.91
Incl B 221.00 222.00 1.00 10.60
-------------------------------------------------
TL-11-380 B 423.20 425.20 2.00 9.15
Incl B 424.20 425.20 1.00 15.98
-------------------------------------------------
TL-11-380 B 497.50 500.00 2.50 6.70
Incl B 497.50 498.80 1.30 9.51
-------------------------------------------------
TL-11-381 X2 325.60 326.10 0.50 3.95
-------------------------------------------------
TL-11-382 X2 474.00 478.00 4.00 4.63
Incl X2 475.00 477.00 2.00 6.63
-------------------------------------------------
TL-11-383 A 447.70 449.60 1.90 5.00
-------------------------------------------------
-------------------------------------------------
TL-11-385 E 473.00 484.00 11.00 1.90
Incl E 473.00 474.00 1.00 4.49
Incl E 481.10 482.00 0.90 6.11
-------------------------------------------------
TL-11-385 C 567.70 595.00 3.00 2.23
Incl C 567.70 568.00 0.30 16.15
-------------------------------------------------
TL-11-386 C 97.30 100.00 2.70 2.40
Incl C 98.00 99.00 1.00 3.41
Oogath 104.00 105.00 1.00 3.36
-------------------------------------------------
TL-11-387 C 69.00 74.00 5.00 2.29
Incl 71.00 74.00 3.00 3.04
-------------------------------------------------
Mr. Jim Rogers commented "The results continue to demonstrate the size and strength of the gold mineralization of the Monument Bay Project. The success of our exploration efforts has extended known zones and discovered new zones thus creating a solid foundation for Mega to expand the quality and quantity of gold resources at the Monument Bay project. Mega continues to execute our plan to advance the project towards under ground (UG) development in 2012 with the goal to achieve positive cash flow by 2014."
The winter/spring drill program has effectively met the recommendations made by Beacon Hill Consultants (1988) Ltd. ("Beacon Hill") of Vancouver, B.C., in the NI 43-101 resource estimate that was completed February 17, 2009. Over 26 intercepts of Mega's 2011 drill program have further defined the A, B, C, E, G, X2 and the new "Oogath" zone. Collectively, these intercepts will significantly contribute to an improving understanding that will add both tonnage and ounces towards an updated NI 43-101 resource estimate that is planned to be completed in early July 2011.
The Monument Bay deposit is open in all directions and Mega management firmly believes that their Monument Bay property is part of a much larger gold system that encompasses the Twin Lakes/Stull Lake gold bearing structures. Current work by the company involves continuing to expand and upgrade the resource with summer/fall drill program(s) of approximately 15,000m of diamond drilling focused on deepening, laterally extending and discovering new zones. Mega's focus is to continue to grow and improve the quality of the current UG resource and introduce open pit potential for the deposit.
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Quelle: http://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n…
Mega Precious Metals Inc MGP
6/13/2011 1:30:00 PM
Thunder Bay, ON June 13, 2011
FSC / Press Release
Mega Announces Major Mineralization Extensions and Continues to Define Gold Mineralization at the Monument Bay Project
Thunder Bay, Ontario CANADA, June 13, 2011 /FSC/ - Mega Precious Metals Inc. (TSX - VX: MGP), is pleased to report that definition and step out drilling during the winter/spring drill program has extended 7 of the 18 mineralized zones by as much as 500 metres along strike and upwards of 150 metres down plunge. In addition, the program further delineated four (4) new mineralized structures.
Robust widths and grades are continuing to be encountered as ongoing drilling has increased the mineralized zones both westward and to depth as demonstrated by the most recent drill holes to date. Highlights of the program include C zone TL11-380 which intersected 15.98 g/tonne over 1 metre at a depth of 425 metres below surface and TL -11-385 which intersected 16.15 g/tonne over 0.3 metres at a depth of 567 metres, as well as TL -11-380 which intersected 9.51 g/tonne over 1.3 metres at a depth of 499 metres below the surface on the B zone.
A summary of the ongoing drilling results are listed below:
-------------------------------------------------
MEGA 2011
Monument Bay Drill Results
-------------------------------------------------
HOLE# ZONE FROM TO INTERCEPT Au Grade
(m) (m) (m) (g/t)
-------------------------------------------------
TL-11-377 B 221.00 223.00 2.00 5.91
Incl B 221.00 222.00 1.00 10.60
-------------------------------------------------
TL-11-380 B 423.20 425.20 2.00 9.15
Incl B 424.20 425.20 1.00 15.98
-------------------------------------------------
TL-11-380 B 497.50 500.00 2.50 6.70
Incl B 497.50 498.80 1.30 9.51
-------------------------------------------------
TL-11-381 X2 325.60 326.10 0.50 3.95
-------------------------------------------------
TL-11-382 X2 474.00 478.00 4.00 4.63
Incl X2 475.00 477.00 2.00 6.63
-------------------------------------------------
TL-11-383 A 447.70 449.60 1.90 5.00
-------------------------------------------------
-------------------------------------------------
TL-11-385 E 473.00 484.00 11.00 1.90
Incl E 473.00 474.00 1.00 4.49
Incl E 481.10 482.00 0.90 6.11
-------------------------------------------------
TL-11-385 C 567.70 595.00 3.00 2.23
Incl C 567.70 568.00 0.30 16.15
-------------------------------------------------
TL-11-386 C 97.30 100.00 2.70 2.40
Incl C 98.00 99.00 1.00 3.41
Oogath 104.00 105.00 1.00 3.36
-------------------------------------------------
TL-11-387 C 69.00 74.00 5.00 2.29
Incl 71.00 74.00 3.00 3.04
-------------------------------------------------
Mr. Jim Rogers commented "The results continue to demonstrate the size and strength of the gold mineralization of the Monument Bay Project. The success of our exploration efforts has extended known zones and discovered new zones thus creating a solid foundation for Mega to expand the quality and quantity of gold resources at the Monument Bay project. Mega continues to execute our plan to advance the project towards under ground (UG) development in 2012 with the goal to achieve positive cash flow by 2014."
The winter/spring drill program has effectively met the recommendations made by Beacon Hill Consultants (1988) Ltd. ("Beacon Hill") of Vancouver, B.C., in the NI 43-101 resource estimate that was completed February 17, 2009. Over 26 intercepts of Mega's 2011 drill program have further defined the A, B, C, E, G, X2 and the new "Oogath" zone. Collectively, these intercepts will significantly contribute to an improving understanding that will add both tonnage and ounces towards an updated NI 43-101 resource estimate that is planned to be completed in early July 2011.
The Monument Bay deposit is open in all directions and Mega management firmly believes that their Monument Bay property is part of a much larger gold system that encompasses the Twin Lakes/Stull Lake gold bearing structures. Current work by the company involves continuing to expand and upgrade the resource with summer/fall drill program(s) of approximately 15,000m of diamond drilling focused on deepening, laterally extending and discovering new zones. Mega's focus is to continue to grow and improve the quality of the current UG resource and introduce open pit potential for the deposit.
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Quelle: http://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n…
Antwort auf Beitrag Nr.: 41.641.297 von Kubera am 13.06.11 21:23:58MEGA COMMENCES HIGH RESOLUTION EM AND MAGNETIC GEOPHYSICAL SURVEY ON THE SATTERLY GOLD PROJECT
Thunder Bay, Ontario
June 20, 2011 Shares Issued: 76,256,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to announce the commencement of a Helicopter-borne time domain electromagnetic (HELITEM) geophysical survey on its Satterly Gold Project situated in the prolific Red Lake Mining District of northwestern Ontario, Canada.
The project is located within the Birch-Uchi Greenstone Belt, and is underlain by a sequence of folded and faulted mafic to intermediate volcanic rocks, sediments and mafic intrusives. This sequence is transected by a series of complex igneous plutonic (tonalite) rocks that together with the interflow sedimentary units have similar characteristics to the adjacent Springpole Gold Project owned by Gold Canyon.
The survey will cover 524 line kilometers and is to be flown at a line-spacing of 100 metres to accurately collect magnetic data over this area. Once the survey is complete, the data will be processed using 3-D magnetic inversion techniques which will enable accurate geometry and distribution of any gold-bearing hydrothermal conduits associated within the property.
This effort will provide vital targeting of potential intrusive feeders that may connect to the mineralization encountered at the Springpole Gold Project. The airborne survey and inversion modeling is expected to be completed by August 2011. New prospective targets generated from this survey, in combination with previous surface exploration, will assist in enhancing target areas that will be followed up with a more detailed geological mapping and sampling program in summer 2011. See project location map at http://www.megapmi.com/satterly_gallery
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega’s common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
http://www.megapmi.com/releases/20-june-2011_satterly_geophy…
Thunder Bay, Ontario
June 20, 2011 Shares Issued: 76,256,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to announce the commencement of a Helicopter-borne time domain electromagnetic (HELITEM) geophysical survey on its Satterly Gold Project situated in the prolific Red Lake Mining District of northwestern Ontario, Canada.
The project is located within the Birch-Uchi Greenstone Belt, and is underlain by a sequence of folded and faulted mafic to intermediate volcanic rocks, sediments and mafic intrusives. This sequence is transected by a series of complex igneous plutonic (tonalite) rocks that together with the interflow sedimentary units have similar characteristics to the adjacent Springpole Gold Project owned by Gold Canyon.
The survey will cover 524 line kilometers and is to be flown at a line-spacing of 100 metres to accurately collect magnetic data over this area. Once the survey is complete, the data will be processed using 3-D magnetic inversion techniques which will enable accurate geometry and distribution of any gold-bearing hydrothermal conduits associated within the property.
This effort will provide vital targeting of potential intrusive feeders that may connect to the mineralization encountered at the Springpole Gold Project. The airborne survey and inversion modeling is expected to be completed by August 2011. New prospective targets generated from this survey, in combination with previous surface exploration, will assist in enhancing target areas that will be followed up with a more detailed geological mapping and sampling program in summer 2011. See project location map at http://www.megapmi.com/satterly_gallery
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega’s common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
http://www.megapmi.com/releases/20-june-2011_satterly_geophy…
Antwort auf Beitrag Nr.: 41.673.797 von Kostolanys Erbe am 20.06.11 21:47:08Mega Precious Metals Inc. (MGP) As of June 23rd, 2011
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jun 23/11 Jun 23/11 Sweatman, Michael Direct Ownership Options 50 - Grant of options 145,000 $0.450
MEGA PRECIOUS METALS INC. ANNOUNCES GRANT OF OPTIONS
Thunder Bay, Ontario
June 24, 2011 Issued: 76,256,980
Mega Precious Metals Inc. (MGP:TSX-V) (the “Company”) announces that a total of 2,050,000 options to purchase common shares of the Company are being granted to directors, officers, employees and consultants at an exercise price of $0.45 per share, expiring on June 23, 2016. The grant is subject to regulatory approval.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega’s common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
http://www.megapmi.com/releases/24-june-2011_grant_of_option…
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jun 23/11 Jun 23/11 Sweatman, Michael Direct Ownership Options 50 - Grant of options 145,000 $0.450
MEGA PRECIOUS METALS INC. ANNOUNCES GRANT OF OPTIONS
Thunder Bay, Ontario
June 24, 2011 Issued: 76,256,980
Mega Precious Metals Inc. (MGP:TSX-V) (the “Company”) announces that a total of 2,050,000 options to purchase common shares of the Company are being granted to directors, officers, employees and consultants at an exercise price of $0.45 per share, expiring on June 23, 2016. The grant is subject to regulatory approval.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega’s common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
http://www.megapmi.com/releases/24-june-2011_grant_of_option…
June 27, 2011 04:30 PM Eastern Daylight Time
Mega Announces Upgrade and 137% Increase of Gold Resource at the Monument Bay Project in Manitoba
THUNDER BAY, Ontario--(BUSINESS WIRE)--Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to present an updated calculation of mineral resources at the Monument Bay Project, North Eastern Manitoba. Recent Surface diamond drilling targeted potential extensions of gold bearing mineralization similar to those that were outlined during historical drilling campaigns. The goal of this drilling was to upgrade portions some of the inferred resources to the measured and indicated resource categories and add additional mineralized zones.
“CIM Definition Standards on Mineral Resources and Mineral Reserves as prepared by the CIM Standing Committee on Reserve Definitions and as adopted by CIM Council, December 11, 2005.”
Following a comprehensive due-diligence study of the historical drill core and a compilation of all technical data available which includes the results of the winter drill campaign, the Monument Bay deposit is now estimated to contain: NI 43-101 compliant Measured Resource of 221,510 tonnes grading 12.48 g/tonne, plus an Indicated Resource of 2,199,100 tonnes grading 7.12 g/tonne plus Inferred Resources of 6,147,000 tonnes grading 6.01 g/tonne using a 3.0 g/tonne cut off grade.
This upgrade equates to a 137% increase of gold in all categories compared to the previously reported Inferred Resource of 6,300,000 tonnes grading 5.98 g/tonne at a 3 g/tonne cut off grade which equates to 1,294,999 contained ounces (click here to view the Preliminary Economic Study filed in February 1, 2009).
Mr. Rogers Commented: "We are very pleased that the results of the updated resource modeling has extended known zones, upgraded the resource quality, discovered new zones and increased the quantity of gold resources at the Monument Bay Project. We have extended the known mineralization to depth and added greater than 350 metres along strike of the previously known mineralization. We intend to continue to test the deposit along strike and down dip for additional resource expansion potential during the 2011 summer / fall exploration program. Another positive result of the detailed modeling is that in addition to underground resources there are also multiple opportunities to outline near surface open pittable resources. Mega continues on track to advance the project towards underground (UG) development in 2012 with the goal to achieve positive cash flow by 2014.”
MEGA June 28, 2011
Monument Bay Mineral Resource Estimate
Classification Tonnes
Gold Grade
(grams/tonne)
Contained Ounces
Measured 221,510 12.48 88,905
Indicated 2,199,100 7.12 503,188
Measured+ Indicated Sub Total 2,420,610 7.61 592,093
Inferred 6,147,000 6.01 1,187,091
The estimates are in-situ and undiluted and figures are rounded
Resource model is using a 3 g/tonne cut off
Mineral Resources
Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category. The mineral resources in this press release were estimated using CIM Standards.
Resource Calculation Methodology
The construction of the geological and block model was a product of collaboration between Mega and Wardrop, A Tetra Tech Company (Wardrop). Mega personnel included Glen Kuntz P.Geo, Chief Operating Officer, Sean Butler P.Geo., Senior Project Geologist and Daana Magi Senior Project Geologist. All data in the resource evaluation were reviewed by Wardrop, with Mr. Todd McCracken P.Geo. assuming responsibility for the resource estimate upon which the statements reported herein are based.
Mineral Resource calculation
The geological model and corresponding sections and plans were generated by Mega personnel and then audited by Wardrop. Sections were selected at a tight spacing of 25 metres through the mineralized system and were based on all available geological and assay information. They show that major rock types and corresponding mineralized structures can be correlated on section to depths of >900 metres and over a strike length of > 2000 metres. Wardrop reviewed selected drill core from the mineralized system, reviewed geological logging and sampling protocols used by project staff and agrees with the geological interpretation derived from the combination of the historical and current geological interpretation. Mega prepared >1g/t assay composites tables in Gemcom Software Version 6.3 to allow inspection of the distribution of significant gold mineralized intervals excluding a large number (>2000) lower grade intercepts (<1 g/t gold).
The QAQC protocols and corresponding sample preparation and shipment procedures for the Monument Bay Project have been reviewed and approved by Wardrop.
The resource estimate was based on geological data provided by representatives from Mega Precious Metals and the most recent 2011 drilling analytical analysis was provided by Accura Assay Labs. The update incorporates drilling conducted from surface during the first 4 months of 2011 consisting of 18 holes for a total of 8,845m.
The determination technique of the mineral resource is based on the combination of geological modeling, geostatistics and conventional block modeling using the ordinary kriging method of grade interpolation. The block model resource estimate prepared by the Wardrop, was based on 115,897 metres of diamond drilling in 438 diamond drill holes carried out between Q4-1990 and April 30 2011. The assay data was reviewed and a composite interval of 0.5 metres was used. Statistical and Variogram analysis was performed to determine the “nugget effect” and a parent block size of (10X1X10 m) was carried out.
The search ellipse parameters are the following:
Search ellipse parameters Distance
• First Axis (strike direction): 10 M
• Second Axis (plunge direction): 15 M
• Third Axis (dip direction): 30 M
The present geological interpretation of gold mineralization in the Twin Lakes area recognizes 18 discrete mineralized zones that have an orientation of 100 azimuth and dip to the northeast at about 70º. The veins are distributed over an east-west distance of > 5 KM.
The variogram results are generally consistent with the geological model used in the ordinary kriged estimation method having two axes that approximate the observed geological and mineralized trend of the mineralized structures and support the observed plunge of the second axis in the geological model to the east at about (30-40 degrees). These shoots range from 300 to > 600 metres in length.
The estimation method involved a three pass search method, with each pass increasing the search parameters by a factor of two followed by a factor of eight and is consistent with standard block model methodology for measured, indicated and inferred mineral resources. A minimum of two samples and maximum of ten samples with no more than four samples from a single borehole were selected as requirements for populating each block.
The block model was constrained utilizing surfaces for the following:
The river and lake bottom;
The overburden boundary
The mineralized zones and geological model
The claim boundary
Qualified Person Comments/Quality Control Procedures
This press release has been prepared and revised by Glen Kunz P. Geo., Chief Operating Officer (COO) and Mr. Todd McCracken P.Geo. of Wardrop, a Tetra Tech Company both of whom are Qualified Persons under the NI 43-101 guidelines. The resource estimate has been prepared in compliance with National Instrument 43-101 and form NI 43-101F1, which requires that the estimate be prepared in accordance with the "CIM Definition Standards on Mineral Resources and Mineral Reserves as prepared by the CIM Standing Committee on Reserve Definitions and as adopted by CIM Council, December 11, 2005.
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega’s common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company’s exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal’s filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Quelle: http://www.businesswire.com/news/home/20110627006895/en/Mega…
Mega Announces Upgrade and 137% Increase of Gold Resource at the Monument Bay Project in Manitoba
THUNDER BAY, Ontario--(BUSINESS WIRE)--Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to present an updated calculation of mineral resources at the Monument Bay Project, North Eastern Manitoba. Recent Surface diamond drilling targeted potential extensions of gold bearing mineralization similar to those that were outlined during historical drilling campaigns. The goal of this drilling was to upgrade portions some of the inferred resources to the measured and indicated resource categories and add additional mineralized zones.
“CIM Definition Standards on Mineral Resources and Mineral Reserves as prepared by the CIM Standing Committee on Reserve Definitions and as adopted by CIM Council, December 11, 2005.”
Following a comprehensive due-diligence study of the historical drill core and a compilation of all technical data available which includes the results of the winter drill campaign, the Monument Bay deposit is now estimated to contain: NI 43-101 compliant Measured Resource of 221,510 tonnes grading 12.48 g/tonne, plus an Indicated Resource of 2,199,100 tonnes grading 7.12 g/tonne plus Inferred Resources of 6,147,000 tonnes grading 6.01 g/tonne using a 3.0 g/tonne cut off grade.
This upgrade equates to a 137% increase of gold in all categories compared to the previously reported Inferred Resource of 6,300,000 tonnes grading 5.98 g/tonne at a 3 g/tonne cut off grade which equates to 1,294,999 contained ounces (click here to view the Preliminary Economic Study filed in February 1, 2009).
Mr. Rogers Commented: "We are very pleased that the results of the updated resource modeling has extended known zones, upgraded the resource quality, discovered new zones and increased the quantity of gold resources at the Monument Bay Project. We have extended the known mineralization to depth and added greater than 350 metres along strike of the previously known mineralization. We intend to continue to test the deposit along strike and down dip for additional resource expansion potential during the 2011 summer / fall exploration program. Another positive result of the detailed modeling is that in addition to underground resources there are also multiple opportunities to outline near surface open pittable resources. Mega continues on track to advance the project towards underground (UG) development in 2012 with the goal to achieve positive cash flow by 2014.”
MEGA June 28, 2011
Monument Bay Mineral Resource Estimate
Classification Tonnes
Gold Grade
(grams/tonne)
Contained Ounces
Measured 221,510 12.48 88,905
Indicated 2,199,100 7.12 503,188
Measured+ Indicated Sub Total 2,420,610 7.61 592,093
Inferred 6,147,000 6.01 1,187,091
The estimates are in-situ and undiluted and figures are rounded
Resource model is using a 3 g/tonne cut off
Mineral Resources
Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category. The mineral resources in this press release were estimated using CIM Standards.
Resource Calculation Methodology
The construction of the geological and block model was a product of collaboration between Mega and Wardrop, A Tetra Tech Company (Wardrop). Mega personnel included Glen Kuntz P.Geo, Chief Operating Officer, Sean Butler P.Geo., Senior Project Geologist and Daana Magi Senior Project Geologist. All data in the resource evaluation were reviewed by Wardrop, with Mr. Todd McCracken P.Geo. assuming responsibility for the resource estimate upon which the statements reported herein are based.
Mineral Resource calculation
The geological model and corresponding sections and plans were generated by Mega personnel and then audited by Wardrop. Sections were selected at a tight spacing of 25 metres through the mineralized system and were based on all available geological and assay information. They show that major rock types and corresponding mineralized structures can be correlated on section to depths of >900 metres and over a strike length of > 2000 metres. Wardrop reviewed selected drill core from the mineralized system, reviewed geological logging and sampling protocols used by project staff and agrees with the geological interpretation derived from the combination of the historical and current geological interpretation. Mega prepared >1g/t assay composites tables in Gemcom Software Version 6.3 to allow inspection of the distribution of significant gold mineralized intervals excluding a large number (>2000) lower grade intercepts (<1 g/t gold).
The QAQC protocols and corresponding sample preparation and shipment procedures for the Monument Bay Project have been reviewed and approved by Wardrop.
The resource estimate was based on geological data provided by representatives from Mega Precious Metals and the most recent 2011 drilling analytical analysis was provided by Accura Assay Labs. The update incorporates drilling conducted from surface during the first 4 months of 2011 consisting of 18 holes for a total of 8,845m.
The determination technique of the mineral resource is based on the combination of geological modeling, geostatistics and conventional block modeling using the ordinary kriging method of grade interpolation. The block model resource estimate prepared by the Wardrop, was based on 115,897 metres of diamond drilling in 438 diamond drill holes carried out between Q4-1990 and April 30 2011. The assay data was reviewed and a composite interval of 0.5 metres was used. Statistical and Variogram analysis was performed to determine the “nugget effect” and a parent block size of (10X1X10 m) was carried out.
The search ellipse parameters are the following:
Search ellipse parameters Distance
• First Axis (strike direction): 10 M
• Second Axis (plunge direction): 15 M
• Third Axis (dip direction): 30 M
The present geological interpretation of gold mineralization in the Twin Lakes area recognizes 18 discrete mineralized zones that have an orientation of 100 azimuth and dip to the northeast at about 70º. The veins are distributed over an east-west distance of > 5 KM.
The variogram results are generally consistent with the geological model used in the ordinary kriged estimation method having two axes that approximate the observed geological and mineralized trend of the mineralized structures and support the observed plunge of the second axis in the geological model to the east at about (30-40 degrees). These shoots range from 300 to > 600 metres in length.
The estimation method involved a three pass search method, with each pass increasing the search parameters by a factor of two followed by a factor of eight and is consistent with standard block model methodology for measured, indicated and inferred mineral resources. A minimum of two samples and maximum of ten samples with no more than four samples from a single borehole were selected as requirements for populating each block.
The block model was constrained utilizing surfaces for the following:
The river and lake bottom;
The overburden boundary
The mineralized zones and geological model
The claim boundary
Qualified Person Comments/Quality Control Procedures
This press release has been prepared and revised by Glen Kunz P. Geo., Chief Operating Officer (COO) and Mr. Todd McCracken P.Geo. of Wardrop, a Tetra Tech Company both of whom are Qualified Persons under the NI 43-101 guidelines. The resource estimate has been prepared in compliance with National Instrument 43-101 and form NI 43-101F1, which requires that the estimate be prepared in accordance with the "CIM Definition Standards on Mineral Resources and Mineral Reserves as prepared by the CIM Standing Committee on Reserve Definitions and as adopted by CIM Council, December 11, 2005.
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega’s common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company’s exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal’s filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Quelle: http://www.businesswire.com/news/home/20110627006895/en/Mega…
Antwort auf Beitrag Nr.: 41.707.766 von Kubera am 27.06.11 23:17:08MEGA ANNOUNCES UPGRADE AND 47% INCREASE OF GOLD RESOURCE AT THE MONUMENT BAY PROJECT IN MANITOBA
Thunder Bay, Ontario
June 27, 2011 Shares Issued: 76,256,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to present an updated calculation of mineral resources at the Monument Bay Project, North Eastern Manitoba. Recent Surface diamond drilling targeted potential extensions of gold bearing mineralization similar to those that were outlined during historical drilling campaigns. The goal of this drilling was to upgrade portions some of the inferred resources to the measured and indicated resource categories and add additional mineralized zones.
Following a comprehensive due-diligence study of the historical drill core and a compilation of all technical data available which includes the results of the winter drill campaign, the Monument Bay deposit is now estimated to contain: NI 43-101 compliant Measured Resource of 221,510 tonnes grading 12.48 g/tonne, plus an Indicated Resource of 2,199,100 tonnes grading 7.12 g/tonne plus Inferred Resources of 6,147,000 tonnes grading 6.01 g/tonne using a 3.0 g/tonne cut off grade.
This upgrade equates to a 47% increase of gold in all categories compared to the previously reported Inferred Resource of 6,300,000 tonnes grading 5.98 g/tonne at a 3 g/tonne cut off grade which equates to 1,294,999 contained ounces (click here to view the Preliminary Economic Study filed in February 1, 2009).
Mr. Rogers commented: "We are very pleased that the results of the updated resource modeling has extended known zones, upgraded the resource quality, discovered new zones and increased the quantity of gold resources at the Monument Bay Project. We have extended the known mineralization to depth and added greater than 350 metres along strike of the previously known mineralization. We intend to continue to test the deposit along strike and down dip for additional resource expansion potential during the 2011 summer / fall exploration program. Another positive result of the detailed modeling is that in addition to underground resources there are also multiple opportunities to outline near surface open pittable resources. Mega continues on track to advance the project towards underground (UG) development in 2012 with the goal to achieve positive cash flow by 2014.”
http://www.megapmi.com/releases/27-june-2011_monument_res_up…
Präsentation von der heutigen AGM:
http://www.megapmi.com/corporate_presentations/28-june-2011_…
Mega Precious Metals Inc. (MGP) As of June 27th, 2011
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jun 27/11 Jun 23/11 Stifano, Mario Direct Ownership Options 50 - Grant of options 125,000 $0.450
Jun 27/11 Jun 23/11 Kuntz, Glen Nickolas Direct Ownership Options 50 - Grant of options 225,000 $0.450
Jun 27/11 Jun 23/11 Drake, Shaun Anthony Direct Ownership Options 50 - Grant of options 35,000 $0.450
Jun 27/11 Jun 23/11 Filipovic, Steven John Direct Ownership Options 50 - Grant of options 225,000 $0.450
Jun 27/11 Jun 23/11 Rogers, James Arnold Direct Ownership Options 50 - Grant of options 375,000 $0.450
Jun 27/11 Jun 23/11 Downie, Ewan Stewart Direct Ownership Options 50 - Grant of options 225,000 $0.450
Jun 27/11 Jun 23/11 Drost, Abraham Peter Direct Ownership Options 50 - Grant of options 125,000 $0.450
Jun 24/11 Jun 23/11 Patricio, Richard j Direct Ownership Options 50 - Grant of options 125,000 $0.450
Jun 23/11 Jun 23/11 Sweatman, Michael Direct Ownership Options 50 - Grant of options 145,000 $0.450
Thunder Bay, Ontario
June 27, 2011 Shares Issued: 76,256,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to present an updated calculation of mineral resources at the Monument Bay Project, North Eastern Manitoba. Recent Surface diamond drilling targeted potential extensions of gold bearing mineralization similar to those that were outlined during historical drilling campaigns. The goal of this drilling was to upgrade portions some of the inferred resources to the measured and indicated resource categories and add additional mineralized zones.
Following a comprehensive due-diligence study of the historical drill core and a compilation of all technical data available which includes the results of the winter drill campaign, the Monument Bay deposit is now estimated to contain: NI 43-101 compliant Measured Resource of 221,510 tonnes grading 12.48 g/tonne, plus an Indicated Resource of 2,199,100 tonnes grading 7.12 g/tonne plus Inferred Resources of 6,147,000 tonnes grading 6.01 g/tonne using a 3.0 g/tonne cut off grade.
This upgrade equates to a 47% increase of gold in all categories compared to the previously reported Inferred Resource of 6,300,000 tonnes grading 5.98 g/tonne at a 3 g/tonne cut off grade which equates to 1,294,999 contained ounces (click here to view the Preliminary Economic Study filed in February 1, 2009).
Mr. Rogers commented: "We are very pleased that the results of the updated resource modeling has extended known zones, upgraded the resource quality, discovered new zones and increased the quantity of gold resources at the Monument Bay Project. We have extended the known mineralization to depth and added greater than 350 metres along strike of the previously known mineralization. We intend to continue to test the deposit along strike and down dip for additional resource expansion potential during the 2011 summer / fall exploration program. Another positive result of the detailed modeling is that in addition to underground resources there are also multiple opportunities to outline near surface open pittable resources. Mega continues on track to advance the project towards underground (UG) development in 2012 with the goal to achieve positive cash flow by 2014.”
http://www.megapmi.com/releases/27-june-2011_monument_res_up…
Präsentation von der heutigen AGM:
http://www.megapmi.com/corporate_presentations/28-june-2011_…
Mega Precious Metals Inc. (MGP) As of June 27th, 2011
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jun 27/11 Jun 23/11 Stifano, Mario Direct Ownership Options 50 - Grant of options 125,000 $0.450
Jun 27/11 Jun 23/11 Kuntz, Glen Nickolas Direct Ownership Options 50 - Grant of options 225,000 $0.450
Jun 27/11 Jun 23/11 Drake, Shaun Anthony Direct Ownership Options 50 - Grant of options 35,000 $0.450
Jun 27/11 Jun 23/11 Filipovic, Steven John Direct Ownership Options 50 - Grant of options 225,000 $0.450
Jun 27/11 Jun 23/11 Rogers, James Arnold Direct Ownership Options 50 - Grant of options 375,000 $0.450
Jun 27/11 Jun 23/11 Downie, Ewan Stewart Direct Ownership Options 50 - Grant of options 225,000 $0.450
Jun 27/11 Jun 23/11 Drost, Abraham Peter Direct Ownership Options 50 - Grant of options 125,000 $0.450
Jun 24/11 Jun 23/11 Patricio, Richard j Direct Ownership Options 50 - Grant of options 125,000 $0.450
Jun 23/11 Jun 23/11 Sweatman, Michael Direct Ownership Options 50 - Grant of options 145,000 $0.450
July 12, 2011, 4:15 p.m. EDT
Mega Significantly Expands the Known Mineralization of the North Madsen, Buffalo Extension
Thunder Bay, Ontario CANADA, Jul 12, 2011 (Filing Services Canada via COMTEX) -- Mega Precious Metals Inc.(MGP - TSX Venture), ("Mega") is pleased to announce results for 5 additional diamond drill holes at the North Madsen Project.
Highlights include 21.0 metres (m) of 4.40 grams per tonne (g/t) followed by 21.3m of 0.94 g/t and 15.9 m of 1.65 g/t on the Buffalo West zone.
A summary of the drilling results are listed below.
----------------------------------------------------
MEGA 2011
North Madsen
Drill Results
----------------------------------------------------
HOLE#ZONEFROM TO INTERCEPT Au Grade
*Previously(m) (m) (m) (g/t)
Reported
----------------------------------------------------
*MM1016 Buffalo W23.154.531.4 1.02
*inclBuffalo W42.554.512.02.0
----------------------------------------------------
*MM1016 Buffalo W 144.7 158.013.3 2.56
*inclBuffalo W 144.7 146.5 1.815.7 vg
----------------------------------------------------
*MM1016 Buffalo W 233.0 244.011.0 1.85
*inclBuffalo W 234.0 242.0 8.0 2.44
----------------------------------------------------
*MM1017 Buffalo W26.560.033.5 1.94
*inclBuffalo W40.560.019.5 2.74
----------------------------------------------------
*MM1017 Buffalo W 155.5 156.5 1.07.82 vg
----------------------------------------------------
*MM1017 Buffalo W 171.0 175.0 4.0 2.55
----------------------------------------------------
*MM1017 Buffalo W 195.0 203.5 8.5 1.15
----------------------------------------------------
*MM1017 Buffalo W 230.0 235.0 5.0 1.74
----------------------------------------------------
*MM1017 Buffalo W 256.5 265.0 8.5 1.43
----------------------------------------------------
*MM1024 Buffalo W 156.0 169.513.5 1.11
----------------------------------------------------
*MM1026 Buffalo W 101.0 129.028.0 1.09
*inclBuffalo W 101.0 107.0 6.0 1.58
*inclBuffalo W 112.0 119.0 7.0 1.51
*inclBuffalo W 125.0 129.0 4.0 1.60
----------------------------------------------------
MM1027 My-Ritt162.0 163.0 1.0 5.26
----------------------------------------------------
MM1028 My-Ritt 48.049.5 1.5 5.41
----------------------------------------------------
MM1130Buffalo W 132.9 154.521.6 0.60
----------------------------------------------------
*MM1131 Buffalo W96.5 158.061.2 1.58
*inclBuffalo W96.5 113.016.5 0.99
*and Buffalo W 126.5 158.031.5 2.39
*inclBuffalo W 129.5 147.518.0 3.68
----------------------------------------------------
*MM1132 Buffalo W 137.5 152.515.0 2.01
----------------------------------------------------
*inclBuffalo W 137.5 145.0 7.5 3.33
*and Buffalo W 151.0 152.5 1.5 3.10
----------------------------------------------------
*MM1132 Buffalo W 211.0 217.0 6.0 1.29
----------------------------------------------------
*MM1132 Buffalo W 232.0 242.510.5 0.65
----------------------------------------------------
*MM1133 Buffalo W 214.5 222.0 7.5 2.13
----------------------------------------------------
MM1134Buffalo W49.557.0 7.5 1.30
----------------------------------------------------
MM1134Buffalo W 274.5 288.013.5 1.00
incl Buffalo W 274.5 282.0 7.5 2.02
----------------------------------------------------
MM1136Buffalo W52.573.521.0 4.40
incl Buffalo W58.569.010.5 7.26
----------------------------------------------------
MM1137Buffalo W90.0 126.036.0 0.59
----------------------------------------------------
MM1138Buffalo W 163.5 166.5 3.0 7.80
----------------------------------------------------
MM1138Buffalo W 239.7 261.021.3 0.94
incl Buffalo W 240.4 253.513.1 1.27
----------------------------------------------------
MM1144Buffalo W99.0 106.5 7.5 2.15
incl Buffalo W 103.5 106.5 3.0 4.77
----------------------------------------------------
MM1144Buffalo W 123.6 139.515.9 1.65
incl Buffalo W 134.6 137.5 2.9 6.65
----------------------------------------------------
Note: True Width is approximately 65% of Intersection Width
Minimum Reported Interval of >= 5 gram-metres using a variable cut-off grade of 0.4 g/t to 0.2 g/t
Jim Rogers, President and CEO of Mega commented "In 2010 I shared my belief that the future of Red Lake will include open pits and a large central milling facility.Our exploration model and business plan for the North Madsen Project, which is based on this belief, is consistent with that of Gold Corp. who during their May 20, 2010 Investor Day presentation discussed "District Optimization" and confirmed the evaluation of a Red Lake (Balmertown) open pit as a strategic priority.Mega's 2011 results and ongoing success at North Madsen have demonstrated the near surface gold potential of the project, supports my belief in regard to open pit potential, and raises the possibility of near term production from a smaller facility located at the project".
Mega's exploration program for the North Madsen project involved a comprehensive due-diligence study of historical drill core and a compilation of the technical data available for the Project.Based on the study Mega initiated a multiphase program focused on: (1) defining the economic potential and ultimate size of the mineralized systems by systematic drilling along strike and down plunge; and (2) searching for new gold zones within the auriferous grantic pluton complex.
Diamond drilling to date in relation to this multiphase exploration program has outlined a total of 7 mineralized structures that host two different styles of mineralization. In June 2010 Mega released an NI 43-101 resource on the first of these mineralized structures, the "Laverty Dyke Zone".The 2011 program to date has completed over 8800 metres of diamond drilling and has significantly expanded the Buffalo Extension mineralization both laterally and vertically.Continued exploration success on the project has indicated that the deposit remains open in a number of directions, highlighting the potential for additional resource expansion on 4 of the 7 mineralized structures.
See the plan ( http://www.megapmi.com/north_madsen_gallery/plan_and_isometr…_1" target="_blank" rel="nofollow ugc noopener">http://www.megapmi.com/north_madsen_gallery/plan_and_isometr…_1 ) and isometric views ( http://www.megapmi.com/north_madsen_gallery/plan_and_isometr… ) at www.megapmi.com/north_madsen_galleryshowing the current and planned drill holes of the Buffalo West Extension Mineralization.
In 2011, Mega will be completing an updated NI 43-101 resource that will include the Laverty Dyke Zone and the 6 other mineralized structures located within the North Madsen Project.
The North Madsen property lies within the Madsen Mine Trend, home to 5 past producing mines. Mega believes that the property is part of a much larger gold system that encompasses the adjacent Howey, Hasaga and Gold Shore mines.The Madsen Mine Trend is located in the prolific Red Lake Gold Camp which has produced more than 25 million ounces of gold to date and continues to produce approximately 700 thousand ounces of gold per year from the district's production base at Goldcorp's Red Lake Gold Mine.When compared to other camps, Red Lake is a young and developing camp where consolidation and improvements to processing technology and "Big Picture" economics will improve margins and drive future success
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
Mega Significantly Expands the Known Mineralization of the North Madsen, Buffalo Extension
Thunder Bay, Ontario CANADA, Jul 12, 2011 (Filing Services Canada via COMTEX) -- Mega Precious Metals Inc.(MGP - TSX Venture), ("Mega") is pleased to announce results for 5 additional diamond drill holes at the North Madsen Project.
Highlights include 21.0 metres (m) of 4.40 grams per tonne (g/t) followed by 21.3m of 0.94 g/t and 15.9 m of 1.65 g/t on the Buffalo West zone.
A summary of the drilling results are listed below.
----------------------------------------------------
MEGA 2011
North Madsen
Drill Results
----------------------------------------------------
HOLE#ZONEFROM TO INTERCEPT Au Grade
*Previously(m) (m) (m) (g/t)
Reported
----------------------------------------------------
*MM1016 Buffalo W23.154.531.4 1.02
*inclBuffalo W42.554.512.02.0
----------------------------------------------------
*MM1016 Buffalo W 144.7 158.013.3 2.56
*inclBuffalo W 144.7 146.5 1.815.7 vg
----------------------------------------------------
*MM1016 Buffalo W 233.0 244.011.0 1.85
*inclBuffalo W 234.0 242.0 8.0 2.44
----------------------------------------------------
*MM1017 Buffalo W26.560.033.5 1.94
*inclBuffalo W40.560.019.5 2.74
----------------------------------------------------
*MM1017 Buffalo W 155.5 156.5 1.07.82 vg
----------------------------------------------------
*MM1017 Buffalo W 171.0 175.0 4.0 2.55
----------------------------------------------------
*MM1017 Buffalo W 195.0 203.5 8.5 1.15
----------------------------------------------------
*MM1017 Buffalo W 230.0 235.0 5.0 1.74
----------------------------------------------------
*MM1017 Buffalo W 256.5 265.0 8.5 1.43
----------------------------------------------------
*MM1024 Buffalo W 156.0 169.513.5 1.11
----------------------------------------------------
*MM1026 Buffalo W 101.0 129.028.0 1.09
*inclBuffalo W 101.0 107.0 6.0 1.58
*inclBuffalo W 112.0 119.0 7.0 1.51
*inclBuffalo W 125.0 129.0 4.0 1.60
----------------------------------------------------
MM1027 My-Ritt162.0 163.0 1.0 5.26
----------------------------------------------------
MM1028 My-Ritt 48.049.5 1.5 5.41
----------------------------------------------------
MM1130Buffalo W 132.9 154.521.6 0.60
----------------------------------------------------
*MM1131 Buffalo W96.5 158.061.2 1.58
*inclBuffalo W96.5 113.016.5 0.99
*and Buffalo W 126.5 158.031.5 2.39
*inclBuffalo W 129.5 147.518.0 3.68
----------------------------------------------------
*MM1132 Buffalo W 137.5 152.515.0 2.01
----------------------------------------------------
*inclBuffalo W 137.5 145.0 7.5 3.33
*and Buffalo W 151.0 152.5 1.5 3.10
----------------------------------------------------
*MM1132 Buffalo W 211.0 217.0 6.0 1.29
----------------------------------------------------
*MM1132 Buffalo W 232.0 242.510.5 0.65
----------------------------------------------------
*MM1133 Buffalo W 214.5 222.0 7.5 2.13
----------------------------------------------------
MM1134Buffalo W49.557.0 7.5 1.30
----------------------------------------------------
MM1134Buffalo W 274.5 288.013.5 1.00
incl Buffalo W 274.5 282.0 7.5 2.02
----------------------------------------------------
MM1136Buffalo W52.573.521.0 4.40
incl Buffalo W58.569.010.5 7.26
----------------------------------------------------
MM1137Buffalo W90.0 126.036.0 0.59
----------------------------------------------------
MM1138Buffalo W 163.5 166.5 3.0 7.80
----------------------------------------------------
MM1138Buffalo W 239.7 261.021.3 0.94
incl Buffalo W 240.4 253.513.1 1.27
----------------------------------------------------
MM1144Buffalo W99.0 106.5 7.5 2.15
incl Buffalo W 103.5 106.5 3.0 4.77
----------------------------------------------------
MM1144Buffalo W 123.6 139.515.9 1.65
incl Buffalo W 134.6 137.5 2.9 6.65
----------------------------------------------------
Note: True Width is approximately 65% of Intersection Width
Minimum Reported Interval of >= 5 gram-metres using a variable cut-off grade of 0.4 g/t to 0.2 g/t
Jim Rogers, President and CEO of Mega commented "In 2010 I shared my belief that the future of Red Lake will include open pits and a large central milling facility.Our exploration model and business plan for the North Madsen Project, which is based on this belief, is consistent with that of Gold Corp. who during their May 20, 2010 Investor Day presentation discussed "District Optimization" and confirmed the evaluation of a Red Lake (Balmertown) open pit as a strategic priority.Mega's 2011 results and ongoing success at North Madsen have demonstrated the near surface gold potential of the project, supports my belief in regard to open pit potential, and raises the possibility of near term production from a smaller facility located at the project".
Mega's exploration program for the North Madsen project involved a comprehensive due-diligence study of historical drill core and a compilation of the technical data available for the Project.Based on the study Mega initiated a multiphase program focused on: (1) defining the economic potential and ultimate size of the mineralized systems by systematic drilling along strike and down plunge; and (2) searching for new gold zones within the auriferous grantic pluton complex.
Diamond drilling to date in relation to this multiphase exploration program has outlined a total of 7 mineralized structures that host two different styles of mineralization. In June 2010 Mega released an NI 43-101 resource on the first of these mineralized structures, the "Laverty Dyke Zone".The 2011 program to date has completed over 8800 metres of diamond drilling and has significantly expanded the Buffalo Extension mineralization both laterally and vertically.Continued exploration success on the project has indicated that the deposit remains open in a number of directions, highlighting the potential for additional resource expansion on 4 of the 7 mineralized structures.
See the plan ( http://www.megapmi.com/north_madsen_gallery/plan_and_isometr…_1" target="_blank" rel="nofollow ugc noopener">http://www.megapmi.com/north_madsen_gallery/plan_and_isometr…_1 ) and isometric views ( http://www.megapmi.com/north_madsen_gallery/plan_and_isometr… ) at www.megapmi.com/north_madsen_galleryshowing the current and planned drill holes of the Buffalo West Extension Mineralization.
In 2011, Mega will be completing an updated NI 43-101 resource that will include the Laverty Dyke Zone and the 6 other mineralized structures located within the North Madsen Project.
The North Madsen property lies within the Madsen Mine Trend, home to 5 past producing mines. Mega believes that the property is part of a much larger gold system that encompasses the adjacent Howey, Hasaga and Gold Shore mines.The Madsen Mine Trend is located in the prolific Red Lake Gold Camp which has produced more than 25 million ounces of gold to date and continues to produce approximately 700 thousand ounces of gold per year from the district's production base at Goldcorp's Red Lake Gold Mine.When compared to other camps, Red Lake is a young and developing camp where consolidation and improvements to processing technology and "Big Picture" economics will improve margins and drive future success
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
Antwort auf Beitrag Nr.: 41.779.171 von Kubera am 12.07.11 22:39:25NIA MEGA PRECIOUS METALS INC. REPORT
http://inflation.us/NIA_MGP_Report.pdf
http://inflation.us/NIA_MGP_Report.pdf
MEGA, DRILLS 38.5 G/T AU OVER 0.70 METRES AND 26.1 G/T AU OVER 0.80 METRES EXTENDING MINERALISED ZONES AT THE MONUMENT BAY PROJECT
Thunder Bay, Ontario
August 2, 2011 Shares Issued: 76,256,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to announce assay results from its first 9 diamond drill holes of a planned 15,000 meter summer drill program. To date, this program has extend 3 of the mineralized zones by as much as 50 metres along strike and upwards of 75 metres down plunge and delineated one new mineralized structure bringing the total to 19 discrete mineralized zones. Significant results from the ongoing summer drill program are tabled below.
Highlights:
C Zone expands with:
•Drill hole TL 11-390 intersecting 3.27 g/t gold over 15.0 metres which includes 38.5 g/t gold over 0.7 metres
• Drill hole TL 11-394 intersecting 7.86 g/t gold over 2.0 metres which includes 11.5 g/t gold over 1.0 metre
GK Zone expands with:
•Drill hole TL 11 390 intersecting 4.32 g/t gold over 8.7 metres which includes 26.1 g/t gold over 0.8 metres
146 Zone expands with:
•Drill hole TL 11 397 intersecting 7.91 g/t gold over 5.2 metres
New Zone:
•Drill hole TL 11-391 intersects 5.2 g/t gold over 1.0 metre, a newly discovered mineralized zone, currently located between the C and Oogath zones
http://www.megapmi.com/releases/nr_02_08_2011_mb_mineralised…
Thunder Bay, Ontario
August 2, 2011 Shares Issued: 76,256,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to announce assay results from its first 9 diamond drill holes of a planned 15,000 meter summer drill program. To date, this program has extend 3 of the mineralized zones by as much as 50 metres along strike and upwards of 75 metres down plunge and delineated one new mineralized structure bringing the total to 19 discrete mineralized zones. Significant results from the ongoing summer drill program are tabled below.
Highlights:
C Zone expands with:
•Drill hole TL 11-390 intersecting 3.27 g/t gold over 15.0 metres which includes 38.5 g/t gold over 0.7 metres
• Drill hole TL 11-394 intersecting 7.86 g/t gold over 2.0 metres which includes 11.5 g/t gold over 1.0 metre
GK Zone expands with:
•Drill hole TL 11 390 intersecting 4.32 g/t gold over 8.7 metres which includes 26.1 g/t gold over 0.8 metres
146 Zone expands with:
•Drill hole TL 11 397 intersecting 7.91 g/t gold over 5.2 metres
New Zone:
•Drill hole TL 11-391 intersects 5.2 g/t gold over 1.0 metre, a newly discovered mineralized zone, currently located between the C and Oogath zones
http://www.megapmi.com/releases/nr_02_08_2011_mb_mineralised…
Mega Precious Metals shares rise sharply on Monument Bay gold resource
NEW JERSEY (Commodity Online):Mega Precious Metals (TSX Venture: MGP) has gained 23.80% in the past month to $0.78 following the drill results of their Monument Bay Gold Resource in last week of June. It hit a high of $0.80 before closing lower.
Monument Bay gold resource base increased by 47% to 1.78 million ounces of gold with 592,093 ounces of gold being upgraded from the inferred category to the measured and indicated categories, MGP began a 15,000 meter diamond drilling program at Monument Bay. This program is designed to extend the western portion of the mineralized deposit and further define the open pit potential of the deposit. It is scheduled to run through December with MGP planning another Monument Bay resource update for the 4Q, in which they hope to upgrade another 300,000 ounces to the measured and indicated categories and expand the total Monument Bay resource to 2.2 million ounces.
While MGP conducts their 15,000 meter diamond drilling program at Monument Bay, they have also initiated a detailed open pit and underground Monument Bay mine design, while they commence a Preliminary Economic Assessment, and complete ongoing environmental studies. MGP plans to have these objectives completed by the end of 2011 so that they can begin a feasibility study in 2012 with the goal of beginning project construction in 2013 and commencing production by the end of 2014.
In the near-term, MGP plans to next month announce their North Madsen resource update. MGP expects to grow their North Madsen resource from 40,000 ounces of gold to 1 million ounces of gold, with 300,000 ounces entering the measured and indicated categories. This means that we could next month see MGP grow their measured and indicated resource base by over 50% to 892,093 ounces and grow their total gold resource base by over 52% to 2.78 million ounces.
MGP's Chairman Ewan Downie is also the President of Premier Gold (TSX: PG), which has a total gold resource base of 3.6 million ounces, of which 2.5 million ounces are measured and indicated, and 1.1 million ounces are inferred. PG is a $6.30 stock with a $624.64 million enterprise value, meaning PG is being valued at $174 per ounce of Gold in its total resource base. Three years ago, PG was trading for only $1 per share, and MGP has been rapidly growing its gold resource base just like PG did.
MGP's current market cap at $0.78 is only $59.40 million. If you subtract MGP's cash position of approximately $7 million, MGP has an enterprise value of just $52.4 million valuing MGP's 1.82 million ounce gold resource base at only $28.79 per ounce. If MGP is successful at growing its resource base next month to 2.78 million ounces of gold, at its current price MGP would only have a valuation of $18.85 per ounce.
"We believe MGP conservatively deserves to be worth $100 per measured and indicated ounce, and $25 per inferred ounce. Based on MGP's current 592,093 ounces of measured and indicated gold and 1.228 million ounces of inferred gold, along with $7 million in cash, this would immediately value MGP at $96.9 million or $1.27 per share,"according to National INflation Association which suggested the stock to its members in May this year.
If MGP is successfully able to grow its total resource base next month to 2.78 million ounces of gold with 892,093 ounces being measured and indicated, and 1.888 million ounces being inferred, these same valuations per ounce along with $7 million in cash would value MGP at a market cap of $143.4 million or $1.88 per share.
"Imagine if MGP is not only successful next month at meeting their North Madsen goals, but they are successful in the 4Q at expanding their Monument Bay resource base to 2.2 million ounces of gold with 300,000 ounces being upgraded to measured and indicated categories. MGP could end 2011 with a total resource of 3.2 million ounces of gold with 1.192 million ounces being measured and indicated, and 2.008 million ounces being inferred. If so, these same valuations per ounce, without any additional value for cash, would value MGP at a market cap of $169.4 million or $2.22 per share," NIA said.
Quelle: http://www.commodityonline.com/news/Mega-Precious-Metals-sha…
NEW JERSEY (Commodity Online):Mega Precious Metals (TSX Venture: MGP) has gained 23.80% in the past month to $0.78 following the drill results of their Monument Bay Gold Resource in last week of June. It hit a high of $0.80 before closing lower.
Monument Bay gold resource base increased by 47% to 1.78 million ounces of gold with 592,093 ounces of gold being upgraded from the inferred category to the measured and indicated categories, MGP began a 15,000 meter diamond drilling program at Monument Bay. This program is designed to extend the western portion of the mineralized deposit and further define the open pit potential of the deposit. It is scheduled to run through December with MGP planning another Monument Bay resource update for the 4Q, in which they hope to upgrade another 300,000 ounces to the measured and indicated categories and expand the total Monument Bay resource to 2.2 million ounces.
While MGP conducts their 15,000 meter diamond drilling program at Monument Bay, they have also initiated a detailed open pit and underground Monument Bay mine design, while they commence a Preliminary Economic Assessment, and complete ongoing environmental studies. MGP plans to have these objectives completed by the end of 2011 so that they can begin a feasibility study in 2012 with the goal of beginning project construction in 2013 and commencing production by the end of 2014.
In the near-term, MGP plans to next month announce their North Madsen resource update. MGP expects to grow their North Madsen resource from 40,000 ounces of gold to 1 million ounces of gold, with 300,000 ounces entering the measured and indicated categories. This means that we could next month see MGP grow their measured and indicated resource base by over 50% to 892,093 ounces and grow their total gold resource base by over 52% to 2.78 million ounces.
MGP's Chairman Ewan Downie is also the President of Premier Gold (TSX: PG), which has a total gold resource base of 3.6 million ounces, of which 2.5 million ounces are measured and indicated, and 1.1 million ounces are inferred. PG is a $6.30 stock with a $624.64 million enterprise value, meaning PG is being valued at $174 per ounce of Gold in its total resource base. Three years ago, PG was trading for only $1 per share, and MGP has been rapidly growing its gold resource base just like PG did.
MGP's current market cap at $0.78 is only $59.40 million. If you subtract MGP's cash position of approximately $7 million, MGP has an enterprise value of just $52.4 million valuing MGP's 1.82 million ounce gold resource base at only $28.79 per ounce. If MGP is successful at growing its resource base next month to 2.78 million ounces of gold, at its current price MGP would only have a valuation of $18.85 per ounce.
"We believe MGP conservatively deserves to be worth $100 per measured and indicated ounce, and $25 per inferred ounce. Based on MGP's current 592,093 ounces of measured and indicated gold and 1.228 million ounces of inferred gold, along with $7 million in cash, this would immediately value MGP at $96.9 million or $1.27 per share,"according to National INflation Association which suggested the stock to its members in May this year.
If MGP is successfully able to grow its total resource base next month to 2.78 million ounces of gold with 892,093 ounces being measured and indicated, and 1.888 million ounces being inferred, these same valuations per ounce along with $7 million in cash would value MGP at a market cap of $143.4 million or $1.88 per share.
"Imagine if MGP is not only successful next month at meeting their North Madsen goals, but they are successful in the 4Q at expanding their Monument Bay resource base to 2.2 million ounces of gold with 300,000 ounces being upgraded to measured and indicated categories. MGP could end 2011 with a total resource of 3.2 million ounces of gold with 1.192 million ounces being measured and indicated, and 2.008 million ounces being inferred. If so, these same valuations per ounce, without any additional value for cash, would value MGP at a market cap of $169.4 million or $2.22 per share," NIA said.
Quelle: http://www.commodityonline.com/news/Mega-Precious-Metals-sha…
press release
Aug. 12, 2011, 8:30 a.m. EDT
Mega Files NI 43-101 Technical Report for the Gold Resources at the Monument Bay Project in Manitoba
THUNDER BAY, Ontario, Aug 12, 2011 (BUSINESS WIRE) -- Mega Precious Metals Inc. CA:MGP +6.41% ("Mega") announces that, further to the news release of June 27, 2011, it has filed the National Instrument 43-101 Technical Report entitled "Technical Report and Resource Estimate on the Monument Bay Project, Northern Manitoba" dated August 10, 2011, on SEDAR at http://www.sedar.com . The report has also been posted on the Company's website at http://www.megapmi.com . There is no material differences between the results of the Technical Report filed today and the disclosure provided in the June 27 news release.
The construction of the geological and block model was a product of collaboration between Mega and Wardrop, A Tetra Tech Company (Wardrop). All data in the resource evaluation were reviewed by Wardrop, with Mr. Todd McCracken P.Geo. assumes responsibility for the resource estimate upon which the statements reported herein are based.
The Monument Bay deposit is now estimated to contain: NI 43-101 compliant Measured Resource of 221,510 tonnes grading 12.48 g/tonne, plus an Indicated Resource of 2,199,100 tonnes grading 7.12 g/tonne plus Inferred Resources of 6,147,000 tonnes grading 6.01 g/tonne using a 3.0 g/tonne cut off grade.
MEGA June 27, 2011
Monument Bay Mineral Resource
Estimate
--------------------------------------------------
Classification Tonnes Gold Grade Contained
(grams/tonne) Ounces
------------------- --------- ------------- ---------
Measured 221,510 12.48 88,905
------------------- --------- ------------- ---------
Indicated 2,199,100 7.12 503,188
------------------- --------- ------------- ---------
Measured+ Indicated 2,420,610 7.61 592,093
Sub Total
------------------- --------- ------------- ---------
Inferred 6,147,000 6.01 1,187,091
------------------- --------- ------------- ---------
The estimates are in-situ and undiluted and figures are rounded
Resource model is using a 3 g/tonne cut off
Mega is aggressively pursuing the NI 43-101 report recommendations below to rapidly add value to the Monument Bay Project.
PHASE 1 MONUMENT BAY RESOURCE EXPANSIONS
Phase 1 is designed to improve the viability of the project. Mega has undertaken a detailed, focused drill program that will concentrate on the extending the western portion of the mineralized deposit and further define the open pit potential of the deposit. This will entail a diamond drilling program of approximately 15,000 m. This phase of the program commenced June 2011 and is schedule to run until December 2011.
PHASE 2 ENGINEERING DESIGN AND ENVIROMENTAL PERMITTING
Phase 2 of the program will be run concurrently with Phase 1 and will be completed between
July 1 and December 31, 2011. The objectives of Phase 2 of the program will be to:
-- initiate a detailed mine design (both open pit and underground)
-- commence the development of a PEA (Preliminary Economic Assessment)
-- complete ongoing environmental studies.
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com .
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mega Precious Metals Inc.
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Copyright Business Wire 2011
Quelle: http://www.marketwatch.com/story/mega-files-ni-43-101-techni…
Aug. 12, 2011, 8:30 a.m. EDT
Mega Files NI 43-101 Technical Report for the Gold Resources at the Monument Bay Project in Manitoba
THUNDER BAY, Ontario, Aug 12, 2011 (BUSINESS WIRE) -- Mega Precious Metals Inc. CA:MGP +6.41% ("Mega") announces that, further to the news release of June 27, 2011, it has filed the National Instrument 43-101 Technical Report entitled "Technical Report and Resource Estimate on the Monument Bay Project, Northern Manitoba" dated August 10, 2011, on SEDAR at http://www.sedar.com . The report has also been posted on the Company's website at http://www.megapmi.com . There is no material differences between the results of the Technical Report filed today and the disclosure provided in the June 27 news release.
The construction of the geological and block model was a product of collaboration between Mega and Wardrop, A Tetra Tech Company (Wardrop). All data in the resource evaluation were reviewed by Wardrop, with Mr. Todd McCracken P.Geo. assumes responsibility for the resource estimate upon which the statements reported herein are based.
The Monument Bay deposit is now estimated to contain: NI 43-101 compliant Measured Resource of 221,510 tonnes grading 12.48 g/tonne, plus an Indicated Resource of 2,199,100 tonnes grading 7.12 g/tonne plus Inferred Resources of 6,147,000 tonnes grading 6.01 g/tonne using a 3.0 g/tonne cut off grade.
MEGA June 27, 2011
Monument Bay Mineral Resource
Estimate
--------------------------------------------------
Classification Tonnes Gold Grade Contained
(grams/tonne) Ounces
------------------- --------- ------------- ---------
Measured 221,510 12.48 88,905
------------------- --------- ------------- ---------
Indicated 2,199,100 7.12 503,188
------------------- --------- ------------- ---------
Measured+ Indicated 2,420,610 7.61 592,093
Sub Total
------------------- --------- ------------- ---------
Inferred 6,147,000 6.01 1,187,091
------------------- --------- ------------- ---------
The estimates are in-situ and undiluted and figures are rounded
Resource model is using a 3 g/tonne cut off
Mega is aggressively pursuing the NI 43-101 report recommendations below to rapidly add value to the Monument Bay Project.
PHASE 1 MONUMENT BAY RESOURCE EXPANSIONS
Phase 1 is designed to improve the viability of the project. Mega has undertaken a detailed, focused drill program that will concentrate on the extending the western portion of the mineralized deposit and further define the open pit potential of the deposit. This will entail a diamond drilling program of approximately 15,000 m. This phase of the program commenced June 2011 and is schedule to run until December 2011.
PHASE 2 ENGINEERING DESIGN AND ENVIROMENTAL PERMITTING
Phase 2 of the program will be run concurrently with Phase 1 and will be completed between
July 1 and December 31, 2011. The objectives of Phase 2 of the program will be to:
-- initiate a detailed mine design (both open pit and underground)
-- commence the development of a PEA (Preliminary Economic Assessment)
-- complete ongoing environmental studies.
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com .
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mega Precious Metals Inc.
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Copyright Business Wire 2011
Quelle: http://www.marketwatch.com/story/mega-files-ni-43-101-techni…
MEGA ESTABLISHES PROJECT PARTICIPATION FRAMEWORK FOR MONUMENT BAY
Thunder Bay, Ontario
August 26, 2011
http://www.megapmi.com/releases/nr_26-aug-2011_projpart_rslf…
MEGA COMPLETES PHASE 1 DRILLING OF THE NORTH MADSEN, BUFFALO EXTENSION
Thunder Bay, Ontario
Sept 9, 2011
http://www.megapmi.com/releases/9-sept-2011_n_madsen_summer_…
MEGA ANNOUNCES SIGNIFICANT INCREASE OF ITS GOLD RESOURCES AT THE NORTH MADSEN PROJECT IN RED LAKE, ONTARIO
Thunder Bay, Ontario
September 21, 2011
http://www.megapmi.com/releases/21-sep-2011_nr_north_madsen_…
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Marketcap ca. 45 Mio.CAN$
ca. 4 Mio. Cash
Thunder Bay, Ontario
August 26, 2011
http://www.megapmi.com/releases/nr_26-aug-2011_projpart_rslf…
MEGA COMPLETES PHASE 1 DRILLING OF THE NORTH MADSEN, BUFFALO EXTENSION
Thunder Bay, Ontario
Sept 9, 2011
http://www.megapmi.com/releases/9-sept-2011_n_madsen_summer_…
MEGA ANNOUNCES SIGNIFICANT INCREASE OF ITS GOLD RESOURCES AT THE NORTH MADSEN PROJECT IN RED LAKE, ONTARIO
Thunder Bay, Ontario
September 21, 2011
http://www.megapmi.com/releases/21-sep-2011_nr_north_madsen_…
Marketcap ca. 45 Mio.CAN$
ca. 4 Mio. Cash
Antwort auf Beitrag Nr.: 42.129.607 von Kostolanys Erbe am 23.09.11 20:34:06Präsentation:
http://www.megapmi.com/corporate_presentations/corporate_pre…
http://www.megapmi.com/corporate_presentations/corporate_pre…
MEGA’S STEP OUT DRILLING PROGRAM AT MONUMENT BAY PROJECT CONTINUES TO EXTEND THE OPEN PIT POTENTIAL ONTO NEW GROUND DRILLING 30.0 METRES AT 2.20 G/T AU AND 26 METRES AT 1.56 G/T AU
Thunder Bay, Ontario
October 12, 2011
Shares Issued: 76,256,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to announce assay results from its next 23 diamond drill holes of a planned 17,000 metre (m) multi phased fall drill program. To date, this step out drill program has successfully extended the open pit potential of the burn zone by extending this zone an additional 200 metres along strike, approximately 20 metres in width and is open both below 125 metres of vertical depth and along strike.
This current drill program has also expanded the open pit potential of the GK, 146 and C zones plus intersected 2 new mineralized structures bringing the total to 21 discrete mineralized zones.
Twenty three holes from the fall drill program are tabled below.
http://www.megapmi.com/releases/nr_12-10-2011_mb_drilling_up…
Thunder Bay, Ontario
October 12, 2011
Shares Issued: 76,256,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to announce assay results from its next 23 diamond drill holes of a planned 17,000 metre (m) multi phased fall drill program. To date, this step out drill program has successfully extended the open pit potential of the burn zone by extending this zone an additional 200 metres along strike, approximately 20 metres in width and is open both below 125 metres of vertical depth and along strike.
This current drill program has also expanded the open pit potential of the GK, 146 and C zones plus intersected 2 new mineralized structures bringing the total to 21 discrete mineralized zones.
Twenty three holes from the fall drill program are tabled below.
http://www.megapmi.com/releases/nr_12-10-2011_mb_drilling_up…
MEGA ANNOUNCES $9 MILLION PRIVATE PLACEMENT FINANCING
Thunder Bay, Ontario
October 14, 2011 Shares Issued: 76,721,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to announce that it has entered into an agreement with Octagon Capital Corporation, as lead agent on behalf of a syndicate of agents including PowerOne Capital Markets Limited and Stonecap Securities Inc. (collectively, the “Agents”), in connection with a best efforts private placement offering of up to 3,773,600 units (“Units”) of Mega at a price of $0.53 per Unit and up to 10,000,000 flow-through units (“Flow-Through Units”) of Mega at a price of $0.70 per Flow-Through Unit for aggregate gross proceeds of up to $9 million (the “Offering”). Each Unit will be comprised of one common share and one-half of one common share purchase warrant of Mega, and each Flow-Through Unit will be comprised of one common share that is a “flow-through share” within the meaning in the Income Tax Act (Canada) and one-half of one common share purchase warrant of Mega. Each whole common share purchase warrant will be exercisable to purchase one common share of Mega for a period of 24 months from the date of closing of the Offering at a price of $0.70. The Corporation has granted to the Agents an option to increase the size of the Offering by up to an additional 566,040 Units and 1,500,000 Flow-Through Units at the respective offering prices, exercisable in whole or in part, for a period of up to 48 hours prior to the closing of the Offering. The Units and Flow-Through Units will be offered by way of private placement exemptions from prospectus requirements.
As consideration for the services of the Agents in connection with the Offering, the Agents will receive a commission equal to 7% of the aggregate gross proceeds of the Offering and compensation warrants, exercisable at any time for a period of 24 months following the closing of the Offering, to purchase common shares of Mega for an amount equal to 7% of the total number of Units and Flow Through Units issued pursuant to the Offering, at an exercise price equal to the offering price for the Units (being $0.53 per common share).
The net proceeds from the sale of Units are expected to be used to fund Mega’s exploration and development activities, and for general corporate and working capital purposes. The proceeds from the sale of Flow-Through Units are expected to be used by Mega to incur Canadian Exploration Expenses (as defined in the Income Tax Act (Canada)) (“Qualifying Expenditures”) on the continued exploration of Mega’s mineral properties prior to December 31, 2012. Mega will specifically budget $6 million for Qualifying Expenditures for its Monument Bay project in Manitoba and $1 million for Qualifying Expenditures for its projects in Ontario. Mega will renounce the Qualifying Expenditures to subscribers of the Flow-Through Units effective on or prior to December 31, 2011.
The Offering is expected to close on or about November 8, 2011 and is subject to certain conditions typical for a transaction of this nature and the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange.
Mega Precious Metals Inc. is a Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts. Mega is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President & Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
http://www.megapmi.com/releases/nr_14-10-2011_private_placem…
Thunder Bay, Ontario
October 14, 2011 Shares Issued: 76,721,980
Mega Precious Metals Inc. (MGP:TSX-V) (“Mega”) is pleased to announce that it has entered into an agreement with Octagon Capital Corporation, as lead agent on behalf of a syndicate of agents including PowerOne Capital Markets Limited and Stonecap Securities Inc. (collectively, the “Agents”), in connection with a best efforts private placement offering of up to 3,773,600 units (“Units”) of Mega at a price of $0.53 per Unit and up to 10,000,000 flow-through units (“Flow-Through Units”) of Mega at a price of $0.70 per Flow-Through Unit for aggregate gross proceeds of up to $9 million (the “Offering”). Each Unit will be comprised of one common share and one-half of one common share purchase warrant of Mega, and each Flow-Through Unit will be comprised of one common share that is a “flow-through share” within the meaning in the Income Tax Act (Canada) and one-half of one common share purchase warrant of Mega. Each whole common share purchase warrant will be exercisable to purchase one common share of Mega for a period of 24 months from the date of closing of the Offering at a price of $0.70. The Corporation has granted to the Agents an option to increase the size of the Offering by up to an additional 566,040 Units and 1,500,000 Flow-Through Units at the respective offering prices, exercisable in whole or in part, for a period of up to 48 hours prior to the closing of the Offering. The Units and Flow-Through Units will be offered by way of private placement exemptions from prospectus requirements.
As consideration for the services of the Agents in connection with the Offering, the Agents will receive a commission equal to 7% of the aggregate gross proceeds of the Offering and compensation warrants, exercisable at any time for a period of 24 months following the closing of the Offering, to purchase common shares of Mega for an amount equal to 7% of the total number of Units and Flow Through Units issued pursuant to the Offering, at an exercise price equal to the offering price for the Units (being $0.53 per common share).
The net proceeds from the sale of Units are expected to be used to fund Mega’s exploration and development activities, and for general corporate and working capital purposes. The proceeds from the sale of Flow-Through Units are expected to be used by Mega to incur Canadian Exploration Expenses (as defined in the Income Tax Act (Canada)) (“Qualifying Expenditures”) on the continued exploration of Mega’s mineral properties prior to December 31, 2012. Mega will specifically budget $6 million for Qualifying Expenditures for its Monument Bay project in Manitoba and $1 million for Qualifying Expenditures for its projects in Ontario. Mega will renounce the Qualifying Expenditures to subscribers of the Flow-Through Units effective on or prior to December 31, 2011.
The Offering is expected to close on or about November 8, 2011 and is subject to certain conditions typical for a transaction of this nature and the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange.
Mega Precious Metals Inc. is a Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts. Mega is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President & Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
http://www.megapmi.com/releases/nr_14-10-2011_private_placem…
Cohen Research:
http://www.baystreet.ca/articles/research_reports/Cohen/mgp-…
Aktuelle Präsentation:
[urlhttp://www.megapmi.com/2011_corporate_presentations/corporat…[/url]
Antwort auf Beitrag Nr.: 42.239.829 von Kostolanys Erbe am 20.10.11 22:32:14Präsentation:
http://www.megapmi.com/2011_corporate_presentations/corporat…
http://www.megapmi.com/2011_corporate_presentations/corporat…
Mega Announces Completion of $9.6 Million Private Placement Financing
Thunder Bay, Ontario CANADA, Nov 09, 2011 (Filing Services Canada via COMTEX) -- Mega Precious Metals Inc. (MGP - TSX Venture)("Mega" or the "Company") is pleased to announce that it has completed a previously announced best efforts private placement offering of 4,040,000 units ("Units") of Mega at a price of $0.53 per Unit and 11,623,200 flow-through units ("Flow-Through Units") of Mega at a price of $0.65 per Flow-Through Unit for aggregate gross proceeds of $9,696,280 (the "Offering") through a syndicate of agents led by Octagon Capital Corporation and including PowerOne Capital Markets Limited and Stonecap Securities Inc. (collectively, the "Agents"). Each Unit is comprised of one common share and one-half of one common share purchase warrant of Mega, and each Flow-Through Unit is comprised of one common share that is a "flow-through share" within the meaning in the Income Tax Act (Canada) and one-half of one common share purchase warrant of Mega. Each whole common share purchase warrant is exercisable to purchase one common share of Mega for a period of 24 months from the date of closing of the Offering at a price of $0.70.
As consideration for the services of the Agents in connection with the Offering, the Agents received a commission equal to 7% of the aggregate gross proceeds of the Offering and compensation warrants exercisable at any time for a period of 24 months following the closing of the Offering, to purchase up to an aggregate of 1,096,424 common shares of Mega representing 7% of the total number of Units and Flow Through Units issued pursuant to the Offering, at an exercise price of $0.53 per common share.
The net proceeds from the sale of Units will be used to fund Mega's exploration and development activities, and for general corporate and working capital purposes. The proceeds from the sale of Flow-Through Units will be used by Mega to incur Canadian exploration expenditures ("CEE") on the continued exploration of Mega's mineral properties prior to December 31, 2012. Mega has agreed to budget $6 million for CEE for its Monument Bay project in Manitoba and $1 million for CEE for its projects in Ontario. Additional proceeds received from the sale of Flow-Through Units will be allocated pro rata between CEE for the Company's Monument Bay project and its projects in Ontario. Mega will renounce the CEE to subscribers of the Flow-Through Units effective on or prior to December 31, 2011.
The Company intends to close the "President's List" portion of the Offering, representing 150,000 Units and 248,400 Flow-Through Units, on November 10, 2011, on the same terms as the Offering.
Further to its news release dated August 26, 2011, the Company is continuing to proceed with its previously announced private placement with the Red Sucker Lake First Nation and the Province of Manitoba.
Mega Precious Metals Inc. is a Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts. Mega is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President & Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Forward-looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about the use of proceeds from the Offering, strategic plans, spending commitments, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Mega's annual information form under the heading "Risk Factors". There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Mega disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/mega11092011.htm" target="_blank" rel="nofollow ugc noopener">http://www.usetdas.com/pr/mega11092011.htm
Shares Outstanding: 92,385,180
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Thunder Bay, Ontario CANADA, Nov 09, 2011 (Filing Services Canada via COMTEX) -- Mega Precious Metals Inc. (MGP - TSX Venture)("Mega" or the "Company") is pleased to announce that it has completed a previously announced best efforts private placement offering of 4,040,000 units ("Units") of Mega at a price of $0.53 per Unit and 11,623,200 flow-through units ("Flow-Through Units") of Mega at a price of $0.65 per Flow-Through Unit for aggregate gross proceeds of $9,696,280 (the "Offering") through a syndicate of agents led by Octagon Capital Corporation and including PowerOne Capital Markets Limited and Stonecap Securities Inc. (collectively, the "Agents"). Each Unit is comprised of one common share and one-half of one common share purchase warrant of Mega, and each Flow-Through Unit is comprised of one common share that is a "flow-through share" within the meaning in the Income Tax Act (Canada) and one-half of one common share purchase warrant of Mega. Each whole common share purchase warrant is exercisable to purchase one common share of Mega for a period of 24 months from the date of closing of the Offering at a price of $0.70.
As consideration for the services of the Agents in connection with the Offering, the Agents received a commission equal to 7% of the aggregate gross proceeds of the Offering and compensation warrants exercisable at any time for a period of 24 months following the closing of the Offering, to purchase up to an aggregate of 1,096,424 common shares of Mega representing 7% of the total number of Units and Flow Through Units issued pursuant to the Offering, at an exercise price of $0.53 per common share.
The net proceeds from the sale of Units will be used to fund Mega's exploration and development activities, and for general corporate and working capital purposes. The proceeds from the sale of Flow-Through Units will be used by Mega to incur Canadian exploration expenditures ("CEE") on the continued exploration of Mega's mineral properties prior to December 31, 2012. Mega has agreed to budget $6 million for CEE for its Monument Bay project in Manitoba and $1 million for CEE for its projects in Ontario. Additional proceeds received from the sale of Flow-Through Units will be allocated pro rata between CEE for the Company's Monument Bay project and its projects in Ontario. Mega will renounce the CEE to subscribers of the Flow-Through Units effective on or prior to December 31, 2011.
The Company intends to close the "President's List" portion of the Offering, representing 150,000 Units and 248,400 Flow-Through Units, on November 10, 2011, on the same terms as the Offering.
Further to its news release dated August 26, 2011, the Company is continuing to proceed with its previously announced private placement with the Red Sucker Lake First Nation and the Province of Manitoba.
Mega Precious Metals Inc. is a Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts. Mega is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President & Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Forward-looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about the use of proceeds from the Offering, strategic plans, spending commitments, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Mega's annual information form under the heading "Risk Factors". There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Mega disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/mega11092011.htm" target="_blank" rel="nofollow ugc noopener">http://www.usetdas.com/pr/mega11092011.htm
Shares Outstanding: 92,385,180
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Mega Announces Completion of "President's List" Portion of Private Placement Financing
Thunder Bay, Ontario CANADA, Nov 11, 2011 (Filing Services Canada via COMTEX) -- Mega Precious Metals Inc. (MGP - TSX Venture)("Mega" or the "Company") Further to its news release dated November 9, 2011, Mega is pleased to announce that it has completed the "President's List" portion of its previously announced private placement for an additional 150,000 units ("Units") of Mega at a price of $0.53 per Unit and an additional 248,400 flow-through units ("Flow-Through Units") of Mega at a price of $0.65 per Flow-Through Unit, for additional gross proceeds of $240,960 (the "Offering"). Each Unit is comprised of one common share and one-half of one common share purchase warrant of Mega, and each Flow-Through Unit is comprised of one common share that is a "flow-through share" within the meaning in the Income Tax Act (Canada) and one-half of one common share purchase warrant of Mega. Each whole common share purchase warrant is exercisable to purchase one common share of Mega for a period of 24 months from the date of closing of the Offering at a price of $0.70. In total, Mega issued 4,190,000 Units and 11,871,600 Flow-Through Units for gross proceeds of $9,937,240 in the Offering and the President's List Private Placement.
In connection with the Offering, a syndicate of agents led by Octagon Capital Corporation and including PowerOne Capital Markets Limited and Stonecap Securities Inc. (collectively, the "Agents"), received a commission equal to 7% of the aggregate gross proceeds of the Offering and compensation warrants exercisable at any time for a period of 24 months following the closing of the Offering, to purchase up to an aggregate of 27,888 common shares of Mega, representing 7% of the total number of Units and Flow Through Units issued pursuant to the Offering, at an exercise price of $0.53 per common share.
The net proceeds from the sale of Units will be used to fund Mega's exploration and development activities, and for general corporate and working capital purposes. The proceeds from the sale of Flow-Through Units will be used by Mega to incur Canadian exploration ("CEE") on the continued exploration of Mega's mineral properties prior to December 31, 2012. Mega has agreed to budget $6 million for CEE for its Monument Bay project in Manitoba and $1 million for CEE for its projects in Ontario. Additional proceeds received from the sale of Flow-Through Units will be allocated pro rata between CEE for the Company's Monument Bay project and its projects in Ontario. Mega will renounce the CEE to subscribers of the Flow-Through Units effective on or prior to December 31, 2011.
Further to its news release dated August 26, 2011, the Company is continuing to proceed with its previously announced private placement with the Red Sucker Lake First Nation and the Province of Manitoba.
Mega Precious Metals Inc. is a Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts. Mega is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President & Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Forward-looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about the use of proceeds from the Offering, strategic plans, spending commitments, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Mega's annual information form under the heading "Risk Factors". There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Mega disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
To view this release as a web page, please click on the following link:
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Shares Outstanding: 92,783,580
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Quelle: http://www.marketwatch.com/story/mega-announces-completion-o…
Thunder Bay, Ontario CANADA, Nov 11, 2011 (Filing Services Canada via COMTEX) -- Mega Precious Metals Inc. (MGP - TSX Venture)("Mega" or the "Company") Further to its news release dated November 9, 2011, Mega is pleased to announce that it has completed the "President's List" portion of its previously announced private placement for an additional 150,000 units ("Units") of Mega at a price of $0.53 per Unit and an additional 248,400 flow-through units ("Flow-Through Units") of Mega at a price of $0.65 per Flow-Through Unit, for additional gross proceeds of $240,960 (the "Offering"). Each Unit is comprised of one common share and one-half of one common share purchase warrant of Mega, and each Flow-Through Unit is comprised of one common share that is a "flow-through share" within the meaning in the Income Tax Act (Canada) and one-half of one common share purchase warrant of Mega. Each whole common share purchase warrant is exercisable to purchase one common share of Mega for a period of 24 months from the date of closing of the Offering at a price of $0.70. In total, Mega issued 4,190,000 Units and 11,871,600 Flow-Through Units for gross proceeds of $9,937,240 in the Offering and the President's List Private Placement.
In connection with the Offering, a syndicate of agents led by Octagon Capital Corporation and including PowerOne Capital Markets Limited and Stonecap Securities Inc. (collectively, the "Agents"), received a commission equal to 7% of the aggregate gross proceeds of the Offering and compensation warrants exercisable at any time for a period of 24 months following the closing of the Offering, to purchase up to an aggregate of 27,888 common shares of Mega, representing 7% of the total number of Units and Flow Through Units issued pursuant to the Offering, at an exercise price of $0.53 per common share.
The net proceeds from the sale of Units will be used to fund Mega's exploration and development activities, and for general corporate and working capital purposes. The proceeds from the sale of Flow-Through Units will be used by Mega to incur Canadian exploration ("CEE") on the continued exploration of Mega's mineral properties prior to December 31, 2012. Mega has agreed to budget $6 million for CEE for its Monument Bay project in Manitoba and $1 million for CEE for its projects in Ontario. Additional proceeds received from the sale of Flow-Through Units will be allocated pro rata between CEE for the Company's Monument Bay project and its projects in Ontario. Mega will renounce the CEE to subscribers of the Flow-Through Units effective on or prior to December 31, 2011.
Further to its news release dated August 26, 2011, the Company is continuing to proceed with its previously announced private placement with the Red Sucker Lake First Nation and the Province of Manitoba.
Mega Precious Metals Inc. is a Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts. Mega is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information, please contact:
Mega Precious Metals Inc.
Jim Rogers, President & Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Forward-looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about the use of proceeds from the Offering, strategic plans, spending commitments, future operations, future work programs and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Mega's annual information form under the heading "Risk Factors". There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Mega disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
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Shares Outstanding: 92,783,580
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Quelle: http://www.marketwatch.com/story/mega-announces-completion-o…
Mega Precious drills 10 m of 6.2 g/t Au at Monument Bay
2011-11-17 09:25 ET - News Release
Mr. Jim Rogers reports
MEGA'S ONGOING STEP OUT DRILLING PROGRAM AT THE MONUMENT BAY PROJECT CONTINUES TO CONFIRM THE BROAD AND EXTENSIVE BURN ZONE MINERALIZATION; IDENTIFIES 30 NEW EXPLORATION TARGETS
Mega Precious Metals Inc. has provided an exploration update from the continuing activities at its wholly owned Monument Bay project. These drill holes are part of a continuing exploration program within the Monument Bay camp which commenced in June, 2011, ensuing to the last resource estimate cut-off date of May, 2011, and will continue throughout 2012.
This drilling program is aimed at expanding the current open pit footprint of the mineralization trend both along strike and confirming the higher-grade shoots within these open pit potential areas of the deposit.
Drilling continues to successfully extended the broad Burn zone mineralization by over 200 metres along strike and over 200 metres in depth; the grade and thickness along strike continue to be consistent with previously released results, and the grade is slightly improving at depth where it remains wide open for expansion.
Highlights:
The combination of narrow high-grade zones and wider low-grade gold mineralization continues to indicate a very broad and extensive gold system making up the Monument Bay camp;
Over 90 per cent of the current resource is large, well-defined, broad high-grade mineralized zones that are predictable along strike and dip, with each zone containing a well-defined, high-grade plunging core;
Strike lengths range from 450 metres to 2,425 metres;
Dip lengths range from 212 metres to 925 metres;
Widths range from 1.9 metres to 15.9 metres;
The gold mineralization has been confirmed over a strike length of over 6.5 kilometres, open along strike;
Results indicate that gold mineralization is associated with induced polarization, magnetic, soil and geochemical anomalies, coupled with some previous diamond drilling; an additional 30 new targets have been identified within a 3.5-kilometre-by-1.5-kilometre area;
Visible gold continues to be noted in multiple drill holes throughout the 2011 drill program;
The Burn zone continues to expand with the following:
Drill hole TL-11-427 intersected 6.2 grams per tonne gold over 10 metres which includes 28.8 grams per tonne gold over one metre;
Drill hole TL-11-429 intersected 8.8 grams per tonne gold over three metres which includes 25.0 grams per tonne gold over one metre;
Drill hole TL-11-430 intersected two broad mineralized zones:
1.10 grams per tonne gold over 20 metres;
1.21 grams per tonne gold over 20.5 metres.
Jim Rogers commented: "Drilling results from Monument Bay continue to provide consistently strong results. The very high hit rate of the Burn zone is an excellent indication of the persistent nature of the gold mineralization throughout the Monument Bay gold camp for these results continue to expand the known resource both in size and quality, and demonstrate the open pit potential of the mineralized corridor at our Monument Bay project in a relatively short period of time.
"The continuity of this gold deposit is well established and we are very confident that we will continue to achieve strong results as we further delineate the Monument Bay camp. Our geological team is currently planning the next stage of drilling of approximately 50,000 metres which is aimed to continue delineating mineral resources to form the basis of a mining reserve and a positive preliminary economic study in 2012."
Further nine more holes of the 16,546-metre summer/fall drill program are shown in the attached table.
MEGA 2011 MONUMENT BAY DRILL RESULTS
Hole No. From To Intercept Au grade
(m) (m) (m) (g/t)
TL-11-422 74.0 78.0 4.70 1.99
TL-11-423 102.4 114.0 11.6 1.30
256.9 263.9 7.0 4.44
TL-11-424 92.3 99.3 7.0 2.10
TL-11-425 Hole abandoned
TL-11-426 230.0 245.0 25.0 0.88
TL-11-427 233 243 10.0 6.20
incl 240 241 1 28.77
incl 242 243 1 8.48
TL-11-428 No significant values
TL-11-429 142 145 3.0 8.83
incl 142 143 1 25.0
TL-11-430 172 192.0 20 1.10
incl 187 192.0 5 1.89
237 257.5 20.5 1.21
TL-11-431 to TL-11-444 Assays pending
Notes:
- True width is approximately 75 per cent of intersection width.
- Minimum reported interval of five gram-metres using a variable cut-off
grade of 0.4 gram per tonne to 0.2 gram per tonne.
The Monument Bay deposit is being evaluated in an upcoming NI 43-101 update that will be completed for release in the first quarter of 2012 and will be incorporating all additional exploration resources discovered after the May, 2011, cut-off date.
Mega's 2011 exploration success has discovered and converted targets into a resource estimate in less than six months. Over the past 10 months, Mega has completed the following:
Executed 26,482 metres of definition and step-out drilling;
Converted over 592,000 ounces into measured and indicated categories;
Discovered an additional 989,000 inferred ounces;
Discovery ounce cost equalling $6 per ounce;
Identified more than 30 new discoveries that are not in current resource estimate;
Completed initial work for heritage and environmental baseline studies;
Upgraded camp facilities and installed infrastructure to handle multiphased exploration programs for 2012;
Mobilized heavy equipment to camp to accelerate exploration development.
MEGA'S JUNE 27, 2011, MONUMENT BAY MINERAL RESOURCE ESTIMATE
Classification Tonnes Gold grade Contained ounces
(g/t)
Measured 221,510 12.48 88,905
Indicated 2,199,100 7.12 503,188
Measure and indicated
subtotal 2,420,610 7.61 592,093
Inferred 6,147,000 6.01 1,187,091
Notes:
- The estimates are in situ and undiluted, and figures are rounded.
- The resource model is using a three-gram-per-tonne cut-off.
The Monument Bay deposit is open in all directions and Mega management firmly believes that the company's Monument Bay camp is part of a much larger gold system that encompasses the Twin Lakes/Stull Lake gold-bearing structures.
Glen Kuntz, chief operating officer, is the qualified person for the information contained in this press release and is a qualified person defined by National Instrument 43-101. Mr. Kuntz was senior resource geologist at the Campbell gold mine and global spatial data systems co-ordinator for Placer Dome, vice-president of enterprise mining solutions for Runge Ltd., and most recently, vice-president of global operations for GMC Global.
We seek Safe Harbor.
Quelle: http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMGP-19014…
2011-11-17 09:25 ET - News Release
Mr. Jim Rogers reports
MEGA'S ONGOING STEP OUT DRILLING PROGRAM AT THE MONUMENT BAY PROJECT CONTINUES TO CONFIRM THE BROAD AND EXTENSIVE BURN ZONE MINERALIZATION; IDENTIFIES 30 NEW EXPLORATION TARGETS
Mega Precious Metals Inc. has provided an exploration update from the continuing activities at its wholly owned Monument Bay project. These drill holes are part of a continuing exploration program within the Monument Bay camp which commenced in June, 2011, ensuing to the last resource estimate cut-off date of May, 2011, and will continue throughout 2012.
This drilling program is aimed at expanding the current open pit footprint of the mineralization trend both along strike and confirming the higher-grade shoots within these open pit potential areas of the deposit.
Drilling continues to successfully extended the broad Burn zone mineralization by over 200 metres along strike and over 200 metres in depth; the grade and thickness along strike continue to be consistent with previously released results, and the grade is slightly improving at depth where it remains wide open for expansion.
Highlights:
The combination of narrow high-grade zones and wider low-grade gold mineralization continues to indicate a very broad and extensive gold system making up the Monument Bay camp;
Over 90 per cent of the current resource is large, well-defined, broad high-grade mineralized zones that are predictable along strike and dip, with each zone containing a well-defined, high-grade plunging core;
Strike lengths range from 450 metres to 2,425 metres;
Dip lengths range from 212 metres to 925 metres;
Widths range from 1.9 metres to 15.9 metres;
The gold mineralization has been confirmed over a strike length of over 6.5 kilometres, open along strike;
Results indicate that gold mineralization is associated with induced polarization, magnetic, soil and geochemical anomalies, coupled with some previous diamond drilling; an additional 30 new targets have been identified within a 3.5-kilometre-by-1.5-kilometre area;
Visible gold continues to be noted in multiple drill holes throughout the 2011 drill program;
The Burn zone continues to expand with the following:
Drill hole TL-11-427 intersected 6.2 grams per tonne gold over 10 metres which includes 28.8 grams per tonne gold over one metre;
Drill hole TL-11-429 intersected 8.8 grams per tonne gold over three metres which includes 25.0 grams per tonne gold over one metre;
Drill hole TL-11-430 intersected two broad mineralized zones:
1.10 grams per tonne gold over 20 metres;
1.21 grams per tonne gold over 20.5 metres.
Jim Rogers commented: "Drilling results from Monument Bay continue to provide consistently strong results. The very high hit rate of the Burn zone is an excellent indication of the persistent nature of the gold mineralization throughout the Monument Bay gold camp for these results continue to expand the known resource both in size and quality, and demonstrate the open pit potential of the mineralized corridor at our Monument Bay project in a relatively short period of time.
"The continuity of this gold deposit is well established and we are very confident that we will continue to achieve strong results as we further delineate the Monument Bay camp. Our geological team is currently planning the next stage of drilling of approximately 50,000 metres which is aimed to continue delineating mineral resources to form the basis of a mining reserve and a positive preliminary economic study in 2012."
Further nine more holes of the 16,546-metre summer/fall drill program are shown in the attached table.
MEGA 2011 MONUMENT BAY DRILL RESULTS
Hole No. From To Intercept Au grade
(m) (m) (m) (g/t)
TL-11-422 74.0 78.0 4.70 1.99
TL-11-423 102.4 114.0 11.6 1.30
256.9 263.9 7.0 4.44
TL-11-424 92.3 99.3 7.0 2.10
TL-11-425 Hole abandoned
TL-11-426 230.0 245.0 25.0 0.88
TL-11-427 233 243 10.0 6.20
incl 240 241 1 28.77
incl 242 243 1 8.48
TL-11-428 No significant values
TL-11-429 142 145 3.0 8.83
incl 142 143 1 25.0
TL-11-430 172 192.0 20 1.10
incl 187 192.0 5 1.89
237 257.5 20.5 1.21
TL-11-431 to TL-11-444 Assays pending
Notes:
- True width is approximately 75 per cent of intersection width.
- Minimum reported interval of five gram-metres using a variable cut-off
grade of 0.4 gram per tonne to 0.2 gram per tonne.
The Monument Bay deposit is being evaluated in an upcoming NI 43-101 update that will be completed for release in the first quarter of 2012 and will be incorporating all additional exploration resources discovered after the May, 2011, cut-off date.
Mega's 2011 exploration success has discovered and converted targets into a resource estimate in less than six months. Over the past 10 months, Mega has completed the following:
Executed 26,482 metres of definition and step-out drilling;
Converted over 592,000 ounces into measured and indicated categories;
Discovered an additional 989,000 inferred ounces;
Discovery ounce cost equalling $6 per ounce;
Identified more than 30 new discoveries that are not in current resource estimate;
Completed initial work for heritage and environmental baseline studies;
Upgraded camp facilities and installed infrastructure to handle multiphased exploration programs for 2012;
Mobilized heavy equipment to camp to accelerate exploration development.
MEGA'S JUNE 27, 2011, MONUMENT BAY MINERAL RESOURCE ESTIMATE
Classification Tonnes Gold grade Contained ounces
(g/t)
Measured 221,510 12.48 88,905
Indicated 2,199,100 7.12 503,188
Measure and indicated
subtotal 2,420,610 7.61 592,093
Inferred 6,147,000 6.01 1,187,091
Notes:
- The estimates are in situ and undiluted, and figures are rounded.
- The resource model is using a three-gram-per-tonne cut-off.
The Monument Bay deposit is open in all directions and Mega management firmly believes that the company's Monument Bay camp is part of a much larger gold system that encompasses the Twin Lakes/Stull Lake gold-bearing structures.
Glen Kuntz, chief operating officer, is the qualified person for the information contained in this press release and is a qualified person defined by National Instrument 43-101. Mr. Kuntz was senior resource geologist at the Campbell gold mine and global spatial data systems co-ordinator for Placer Dome, vice-president of enterprise mining solutions for Runge Ltd., and most recently, vice-president of global operations for GMC Global.
We seek Safe Harbor.
Quelle: http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMGP-19014…
Sheldon kauft ja was das Zeug hält..
Er kauft nicht ohne Grund!!!
Denke, hier ist Geduld gefragt.
Er kauft nicht ohne Grund!!!
Denke, hier ist Geduld gefragt.
Weitere Käufe:
Dec 12/11 Dec 9/11 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 73,000 $0.448
Dec 12/11 Dec 9/11 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 73,000 $0.448
http://www.canadianinsider.com/node/7?menu_tickersearch=mgp
Präsentation:
http://www.megapmi.com/2011_corporate_presentations/corporat…
Dec 12/11 Dec 9/11 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 73,000 $0.448
Dec 12/11 Dec 9/11 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 73,000 $0.448
http://www.canadianinsider.com/node/7?menu_tickersearch=mgp
Präsentation:
http://www.megapmi.com/2011_corporate_presentations/corporat…
MGP
Geological & Exploration Update ‐ December 14, 2011
MH1103
Deep drilling exploration on the Headway High Grade Project in Red Lake, Ontario continues on drill hole MH1103 with a deep penetrating diamond drill rig that is capable of achieving drill hole lengths of up to 3000 m. As of December 13, 2011 the drill was at a depth of 2399m.
Based upon the current drill locations, we have doubled the potential mineralized footprint and in the
process have acquired much needed geological/geotechnical information that is essential to future
definition drilling which will define the true width and depth of the high grade mineralization extensions.
We have drilled for structure to locate the controlling features that host the mineralization and the next step is drilling for mineralization, grade and width.
Below is a plan view at 2300 m showing location of MH 1103 in relation to the High Grade target area.
Mega believes the Headway Project simply represents the "best positioned gold property anywhere",
making Mega a compelling investment opportunity and significantly undervalued compared to other junior explorers in the district.
The Company strongly believes that every opportunity exists on the headway claims to encounter the high grade “bonanza style” extension of Goldcorp’s Red Lake Mine. The Red Lake Gold Mine is considered to be one of the world's richest gold mines with production of more than 18 million ounces of gold and nearly 10 million ounces of resources.
Glen Kuntz
Chief Operating Officer
auf der Homepage ganz unten:
http://www.megapmi.com/assets/files....14%20Headway%20Update…
Geological & Exploration Update ‐ December 14, 2011
MH1103
Deep drilling exploration on the Headway High Grade Project in Red Lake, Ontario continues on drill hole MH1103 with a deep penetrating diamond drill rig that is capable of achieving drill hole lengths of up to 3000 m. As of December 13, 2011 the drill was at a depth of 2399m.
Based upon the current drill locations, we have doubled the potential mineralized footprint and in the
process have acquired much needed geological/geotechnical information that is essential to future
definition drilling which will define the true width and depth of the high grade mineralization extensions.
We have drilled for structure to locate the controlling features that host the mineralization and the next step is drilling for mineralization, grade and width.
Below is a plan view at 2300 m showing location of MH 1103 in relation to the High Grade target area.
Mega believes the Headway Project simply represents the "best positioned gold property anywhere",
making Mega a compelling investment opportunity and significantly undervalued compared to other junior explorers in the district.
The Company strongly believes that every opportunity exists on the headway claims to encounter the high grade “bonanza style” extension of Goldcorp’s Red Lake Mine. The Red Lake Gold Mine is considered to be one of the world's richest gold mines with production of more than 18 million ounces of gold and nearly 10 million ounces of resources.
Glen Kuntz
Chief Operating Officer
auf der Homepage ganz unten:
http://www.megapmi.com/assets/files....14%20Headway%20Update…
Neues Update zu Headway:
http://www.megapmi.com/assets/files/Dec%2021%20Headway%20Upd…
Geological & Exploration Update ‐ December 21, 2011
MH1103
Deep drilling exploration on the Headway High Grade Project in Red Lake, Ontario continues on drill hole MH1103 with a deep penetrating diamond drill rig that is capable of achieving drill hole lengths of up to 3000 m. As of December 20, 2011 the drill was at a depth of 2465 m. The Drill will be temporarily shutting down for the holiday season and drilling will recommence the week of January 3, 2012.
Based upon the current drill locations, we have doubled the potential mineralized footprint and in the process have acquired much needed geological/geotechnical information that is essential to future definition drilling which will define the true width and depth of the high grade mineralization extensions. We have drilled for structure to locate the controlling features that host the mineralization and the next step is drilling for mineralization, grade and width.
Below is a plan view at 2300 m showing location of MH 1103 in relation to the High Grade target area.
Mega believes the Headway Project simply represents the "best positioned gold property anywhere", making Mega a compelling investment opportunity and significantly undervalued compared to other junior explorers in the district.
The Company strongly believes that every opportunity exists on the headway claims to encounter the high grade “bonanza style” extension of Goldcorp’s Red Lake Mine. The Red Lake Gold Mine is considered to be one of the world's richest gold mines with production of more than 18 million ounces of gold and nearly 10 million ounces of resources.
Glen Kuntz
Chief Operating Officer
Aktuell fast 4 Mio. Aktien geshortet bei MGP!!!
Short Interest: 3.97 m (as of 12/16/11)
http://www.investorpoint.com/stock/MGP%3ACA-Mega+Precious+Me…
Wollen wir mal hoffen, das diese Shorties sich massiv die Finger
verbrennen...
http://www.megapmi.com/assets/files/Dec%2021%20Headway%20Upd…
Geological & Exploration Update ‐ December 21, 2011
MH1103
Deep drilling exploration on the Headway High Grade Project in Red Lake, Ontario continues on drill hole MH1103 with a deep penetrating diamond drill rig that is capable of achieving drill hole lengths of up to 3000 m. As of December 20, 2011 the drill was at a depth of 2465 m. The Drill will be temporarily shutting down for the holiday season and drilling will recommence the week of January 3, 2012.
Based upon the current drill locations, we have doubled the potential mineralized footprint and in the process have acquired much needed geological/geotechnical information that is essential to future definition drilling which will define the true width and depth of the high grade mineralization extensions. We have drilled for structure to locate the controlling features that host the mineralization and the next step is drilling for mineralization, grade and width.
Below is a plan view at 2300 m showing location of MH 1103 in relation to the High Grade target area.
Mega believes the Headway Project simply represents the "best positioned gold property anywhere", making Mega a compelling investment opportunity and significantly undervalued compared to other junior explorers in the district.
The Company strongly believes that every opportunity exists on the headway claims to encounter the high grade “bonanza style” extension of Goldcorp’s Red Lake Mine. The Red Lake Gold Mine is considered to be one of the world's richest gold mines with production of more than 18 million ounces of gold and nearly 10 million ounces of resources.
Glen Kuntz
Chief Operating Officer
Aktuell fast 4 Mio. Aktien geshortet bei MGP!!!
Short Interest: 3.97 m (as of 12/16/11)
http://www.investorpoint.com/stock/MGP%3ACA-Mega+Precious+Me…
Wollen wir mal hoffen, das diese Shorties sich massiv die Finger
verbrennen...
--
Ich wünsche allen ein gesundes und erfolgreiches Jahr 2012.
Bei Mega gibt es anhaltende Insiderkäufe:
http://www.canadianinsider.com/node/7?menu_tickersearch=mgp
http://www.tmxmoney.com/HttpController?GetPage=SearchInsider…
Was erwartet uns in den nächsten Wochen?
- Update der Ressourcenschätzung zum Monument Bay Project.
- Neuigkeiten zum Headway Project (eventl. schon nächste Woche)
Stay tuned Kubera
Bei Mega gibt es anhaltende Insiderkäufe:
http://www.canadianinsider.com/node/7?menu_tickersearch=mgp
http://www.tmxmoney.com/HttpController?GetPage=SearchInsider…
Was erwartet uns in den nächsten Wochen?
- Update der Ressourcenschätzung zum Monument Bay Project.
- Neuigkeiten zum Headway Project (eventl. schon nächste Woche)
Stay tuned Kubera
Denke, das wir bald etwas zu Headway hören werden.
Der Sheldon kauft ja was das Zeug hält. Mal sehen, ob die
Insiderkäufe nächste Woche weiter gehen.
Warten wir mal geduldig ab!!!
Der Sheldon kauft ja was das Zeug hält. Mal sehen, ob die
Insiderkäufe nächste Woche weiter gehen.
Warten wir mal geduldig ab!!!
Jan. 9, 2012, 4:15 p.m. EST
Mega Provides Review of 2011 Exploration Results and Exploration Update for North Madsen and Headway Projects in Red Lake, Ontario
THUNDER BAY, Ontario, Jan 09, 2012 (BUSINESS WIRE) -- Mega Precious Metals Inc. (mgp:TSX-V) ("Mega") is pleased to provide a review of 2011 exploration results and ongoing exploration plans for the first half of 2012 on their gold properties in Red Lake Ontario.
In 2011 both of our Red Lake projects saw significant advances in their project evolution. At the North Madsen Project, Mega has completed a comprehensive due diligence study of the historical drill core, surface mapping, compilation of all technical data, diamond drilling, surface channel sampling stripping and detailed grid mapping. At Headway the combined drilling has confirmed the geological model and Hole MH1103 is now advancing toward the target horizon beyond the 2011 year end depth of 2462 metres (m).
North Madsen Project:
Some of the key 2011 North Madsen developments and results include:
-- Executed > 12,000 metres of definition and step out drilling representing 52 drill holes
-- Updated NI 43-101 compliant resource statement (see figure 1 at end of release):
MEGA September 20, 2011
North Madsen Mineral
Resource Estimate
----------------------------------------------------
Classification Tonnes Gold Grade Contained
(grams/tonne) Ounces
-------------------- ---------- ------------- ---------
Measured 19,638,140 1.27 803,886
-------------------- ---------- ------------- ---------
Indicated 3,838,000 1.08 133,281
-------------------- ---------- ------------- ---------
Measured + Indicated 23,476,140 1.24 937,167
Sub Total
-------------------- ---------- ------------- ---------
Inferred 11,486,000 1.03 379,026
-------------------- ---------- ------------- ---------
-- Update represents a 4,113 % increase of gold in all categories to the previously reported Laverty Dyke indicated resource of 395,000 tonnes grading 2.56 g/tonne and 32,000 tonnes grading 3.32 g/tonne. (click here to view the Laverty Dyke estimate); and
-- Sensitivity analysis indicates excellent potential to improve resource grades at lower gold prices and higher cut off grades.
-- Outlined 3 additional open pit and high grade mineralized structures that host two different styles of mineralization.
-- Identified multiple new targets along the D2 Fault Structure that is believed to directly relate to the emplacement of high grade gold in Red Lake (B. Dube Geological Survey of Canada).
-- Engaged a minimum 5,000 m drilling contract with Forthright Drilling Services Inc. Drilling will commence mid January 2012.
For first half of 2012 the North Madsen exploration program will focus on the following (see figure 2):
-- Upgrading and extending the Buffalo Extension open pit mineralization. -- Current Buffalo Extension resource estimate includes 152,419 inferred ounces;
-- The results to date demonstrate that excellent potential remains to substantially increase the amount of ounces and outline the high grade mineralized systems.
-- Step out and Definition drilling of previously released high grade South and Central Mineralized zones. These are located at the junction of the D2 Fault Structure and the main structure controlling mineralization at the Hasaga Mine. -- Some of the historical drilling results were: 18.21 g/t / 3.65 m, 7.43 g/t / 1.0 m and 3.64 g/t / 5.6 m, 1.58 g/t / 6 m and 1.0 g/t / 9.0 m. -- None of South and Central mineralized zone intercepts were included in the NI 43-101 resource statement.
Headway Project:
Some of the key developments and aspects include:
-- MH1103 is currently located at 2474 m and is coring (see figure 3). -- Current rock type is a bleached mafic volcanic that has strong biotite, chlorite, ± andalusite, ± epidote, and silica alteration. -- These bleached basalts are strongly leached in CAO, Fe2O3, MGO, MNO and Na2 which represent the same geochemical signature as the rocks found in the Red Lake Mine.
-- To date the drilling has confirmed the following: -- The geological model has been proven to a depth of ~2601 m;
-- 2 of the holes have encountered the mafic/ultramafic volcanic sequence of the Balmer Assemblage that hosts high grade mineralization, which includes the current hole;
-- The current geochemical signature of the mafic volcanic sequence is displaying very similar characteristics to the bleached mafic volcanics found in the Red Lake Mine; and
-- The current known geological horizon is known to host the current sulphide and bonanza gold mineralization associated with the Red Lake Mines.
Mr. Rogers commented, "Mega is committed to finding and making mines. Red Lake and the North Madsen area have a rich history of underground mining. Mega's approach to unlock the economic potential of the North Madsen Project is to compile and analyze the drilling and historical mining done throughout the years. I believe that when one steps back and considers the advances in mining technology, large scale equipment and improvements to milling, metallurgy and recovery that the North Madsen property is very comparable to districts where open pit mining is common place. The technical issues at Headway have delayed and overshadowed the project, however, we believe in the potential of a high grade zone(s) in the hanging wall of Goldcorp's Red Lake Gold Mines and our goal is to get to a target depth in 2012. We are excited and look forward to discovering new gold ounces and moving Mega's Red Lake and Monument Bay projects closer to feasibility in 2012."
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
Figure 1: Please click on the following link to view the 2011 Block Model and Resource Distribution: http://www.usetdas.com/pr/megaGraphic1.jpg
Figure 2: Please click on the following link to view the 2012 N. Madsen Exploration Program: http://www.usetdas.com/pr/megaGraphic2.jpg
Figure 3: Please click on the following link to view the Plan view 2300 m showing location of MH 1103 in relation to the High Grade target area: http://www.usetdas.com/pr/megaGraphic3.jpg
For further information and presentation material, please review the Mega website at www.megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com .
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mega Precious Metals Inc.
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Copyright Business Wire 2012
Quelle: http://www.marketwatch.com/story/mega-provides-review-of-201…
Mega Provides Review of 2011 Exploration Results and Exploration Update for North Madsen and Headway Projects in Red Lake, Ontario
THUNDER BAY, Ontario, Jan 09, 2012 (BUSINESS WIRE) -- Mega Precious Metals Inc. (mgp:TSX-V) ("Mega") is pleased to provide a review of 2011 exploration results and ongoing exploration plans for the first half of 2012 on their gold properties in Red Lake Ontario.
In 2011 both of our Red Lake projects saw significant advances in their project evolution. At the North Madsen Project, Mega has completed a comprehensive due diligence study of the historical drill core, surface mapping, compilation of all technical data, diamond drilling, surface channel sampling stripping and detailed grid mapping. At Headway the combined drilling has confirmed the geological model and Hole MH1103 is now advancing toward the target horizon beyond the 2011 year end depth of 2462 metres (m).
North Madsen Project:
Some of the key 2011 North Madsen developments and results include:
-- Executed > 12,000 metres of definition and step out drilling representing 52 drill holes
-- Updated NI 43-101 compliant resource statement (see figure 1 at end of release):
MEGA September 20, 2011
North Madsen Mineral
Resource Estimate
----------------------------------------------------
Classification Tonnes Gold Grade Contained
(grams/tonne) Ounces
-------------------- ---------- ------------- ---------
Measured 19,638,140 1.27 803,886
-------------------- ---------- ------------- ---------
Indicated 3,838,000 1.08 133,281
-------------------- ---------- ------------- ---------
Measured + Indicated 23,476,140 1.24 937,167
Sub Total
-------------------- ---------- ------------- ---------
Inferred 11,486,000 1.03 379,026
-------------------- ---------- ------------- ---------
-- Update represents a 4,113 % increase of gold in all categories to the previously reported Laverty Dyke indicated resource of 395,000 tonnes grading 2.56 g/tonne and 32,000 tonnes grading 3.32 g/tonne. (click here to view the Laverty Dyke estimate); and
-- Sensitivity analysis indicates excellent potential to improve resource grades at lower gold prices and higher cut off grades.
-- Outlined 3 additional open pit and high grade mineralized structures that host two different styles of mineralization.
-- Identified multiple new targets along the D2 Fault Structure that is believed to directly relate to the emplacement of high grade gold in Red Lake (B. Dube Geological Survey of Canada).
-- Engaged a minimum 5,000 m drilling contract with Forthright Drilling Services Inc. Drilling will commence mid January 2012.
For first half of 2012 the North Madsen exploration program will focus on the following (see figure 2):
-- Upgrading and extending the Buffalo Extension open pit mineralization. -- Current Buffalo Extension resource estimate includes 152,419 inferred ounces;
-- The results to date demonstrate that excellent potential remains to substantially increase the amount of ounces and outline the high grade mineralized systems.
-- Step out and Definition drilling of previously released high grade South and Central Mineralized zones. These are located at the junction of the D2 Fault Structure and the main structure controlling mineralization at the Hasaga Mine. -- Some of the historical drilling results were: 18.21 g/t / 3.65 m, 7.43 g/t / 1.0 m and 3.64 g/t / 5.6 m, 1.58 g/t / 6 m and 1.0 g/t / 9.0 m. -- None of South and Central mineralized zone intercepts were included in the NI 43-101 resource statement.
Headway Project:
Some of the key developments and aspects include:
-- MH1103 is currently located at 2474 m and is coring (see figure 3). -- Current rock type is a bleached mafic volcanic that has strong biotite, chlorite, ± andalusite, ± epidote, and silica alteration. -- These bleached basalts are strongly leached in CAO, Fe2O3, MGO, MNO and Na2 which represent the same geochemical signature as the rocks found in the Red Lake Mine.
-- To date the drilling has confirmed the following: -- The geological model has been proven to a depth of ~2601 m;
-- 2 of the holes have encountered the mafic/ultramafic volcanic sequence of the Balmer Assemblage that hosts high grade mineralization, which includes the current hole;
-- The current geochemical signature of the mafic volcanic sequence is displaying very similar characteristics to the bleached mafic volcanics found in the Red Lake Mine; and
-- The current known geological horizon is known to host the current sulphide and bonanza gold mineralization associated with the Red Lake Mines.
Mr. Rogers commented, "Mega is committed to finding and making mines. Red Lake and the North Madsen area have a rich history of underground mining. Mega's approach to unlock the economic potential of the North Madsen Project is to compile and analyze the drilling and historical mining done throughout the years. I believe that when one steps back and considers the advances in mining technology, large scale equipment and improvements to milling, metallurgy and recovery that the North Madsen property is very comparable to districts where open pit mining is common place. The technical issues at Headway have delayed and overshadowed the project, however, we believe in the potential of a high grade zone(s) in the hanging wall of Goldcorp's Red Lake Gold Mines and our goal is to get to a target depth in 2012. We are excited and look forward to discovering new gold ounces and moving Mega's Red Lake and Monument Bay projects closer to feasibility in 2012."
Glen Kuntz, Chief Operating Officer (COO), is the Qualified Person for the information contained in this press release and is a Qualified Person defined by National Instrument 43-101. Glen was Sr. Resource Geologist at the Campbell Gold Mine and Global Spatial Data Systems Coordinator for Placer Dome, Vice President Enterprise Mining Solutions for Runge Ltd., and most recently, Vice President Global Operations for GMC Global.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. The Company is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
Figure 1: Please click on the following link to view the 2011 Block Model and Resource Distribution: http://www.usetdas.com/pr/megaGraphic1.jpg
Figure 2: Please click on the following link to view the 2012 N. Madsen Exploration Program: http://www.usetdas.com/pr/megaGraphic2.jpg
Figure 3: Please click on the following link to view the Plan view 2300 m showing location of MH 1103 in relation to the High Grade target area: http://www.usetdas.com/pr/megaGraphic3.jpg
For further information and presentation material, please review the Mega website at www.megapmi.com
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com .
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mega Precious Metals Inc.
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com
Copyright Business Wire 2012
Quelle: http://www.marketwatch.com/story/mega-provides-review-of-201…
Geological & Exploration Update – January 11, 2012
MH1103
Deep drilling exploration on the Headway High Grade Project in Red Lake, Ontario continues on drill hole MH1103 with a deep penetrating diamond drill rig that is capable of achieving drill hole lengths of up to 3000 m. As of January 11, 2012 the drill was at a depth of 2501 m.
Based upon the current drill locations, we have doubled the potential mineralized footprint and in the process have acquired much needed geological/geotechnical information that is essential to future definition drilling which will define the true width and depth of the high grade mineralization extensions.
We have drilled for structure to locate the controlling features that host the mineralization and the next step is drilling for mineralization, grade and width.
Below is a plan view at 2300 m showing location of MH 1103 in relation to the High Grade target area.
Mega believes the Headway Project simply represents the "best positioned gold property anywhere", making Mega a compelling investment opportunity and significantly undervalued compared to other junior explorers in the district.
The Company strongly believes that every opportunity exists on the headway claims to encounter the high grade “bonanza style” extension of Goldcorp’s Red Lake Mine. The Red Lake Gold Mine is considered to be one of the world's richest gold mines with production of more than 18 million ounces of gold and nearly 10 million ounces of resources.
Glen Kuntz
Chief Operating Officer
http://www.megapmi.com/assets/files/Jan%2011%20Headway%20Upd…
MH1103
Deep drilling exploration on the Headway High Grade Project in Red Lake, Ontario continues on drill hole MH1103 with a deep penetrating diamond drill rig that is capable of achieving drill hole lengths of up to 3000 m. As of January 11, 2012 the drill was at a depth of 2501 m.
Based upon the current drill locations, we have doubled the potential mineralized footprint and in the process have acquired much needed geological/geotechnical information that is essential to future definition drilling which will define the true width and depth of the high grade mineralization extensions.
We have drilled for structure to locate the controlling features that host the mineralization and the next step is drilling for mineralization, grade and width.
Below is a plan view at 2300 m showing location of MH 1103 in relation to the High Grade target area.
Mega believes the Headway Project simply represents the "best positioned gold property anywhere", making Mega a compelling investment opportunity and significantly undervalued compared to other junior explorers in the district.
The Company strongly believes that every opportunity exists on the headway claims to encounter the high grade “bonanza style” extension of Goldcorp’s Red Lake Mine. The Red Lake Gold Mine is considered to be one of the world's richest gold mines with production of more than 18 million ounces of gold and nearly 10 million ounces of resources.
Glen Kuntz
Chief Operating Officer
http://www.megapmi.com/assets/files/Jan%2011%20Headway%20Upd…
mahlzeit !
heute mittag rein in stuttgart zu 0,452 €
heute mittag rein in stuttgart zu 0,452 €
Gestern wieder 150.000 Aktien Insiderkäufe:
Company Name : Mega Precious Metals Inc. Last Updated: January 12, 2012
Date Symbol Insider
Buys
Volume Insider
Sells
Volume Insider
Buys
Value $ Insider
Sells
Value $ Insider
Buys
Transaction Insider
Sells
Transaction Currency
01/12/2012 MGP 150,000 0 98,250.00 0.00 17 0 CAD
http://www.tmxmoney.com/HttpController?GetPage=SearchInsider…
Hier zum Überblick die letzten tage:
Sheldon ist Sammler:
Jan 12/12 Jan 11/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 67,000 $0.588
Jan 12/12 Jan 10/12 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 50,000 $0.550
Jan 11/12 Jan 10/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.550
Jan 11/12 Jan 9/12 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 108,000 $0.530
Jan 10/12 Jan 9/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 108,000 $0.530
Jan 9/12 Jan 5/12 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 51,500 $0.499
Jan 9/12 Jan 5/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 51,500 $0.499
Jan 5/12 Jan 3/12 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 50,000 $0.490
Jan 4/12 Jan 3/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.490
Dec 23/11 Dec 20/11 Inwentash, Sheldon Direct Ownership Common Shares 10 - Acquisition in the public market 125,000 $0.448
http://www.canadianinsider.com/node/7?ticker=MGP
Company Name : Mega Precious Metals Inc. Last Updated: January 12, 2012
Date Symbol Insider
Buys
Volume Insider
Sells
Volume Insider
Buys
Value $ Insider
Sells
Value $ Insider
Buys
Transaction Insider
Sells
Transaction Currency
01/12/2012 MGP 150,000 0 98,250.00 0.00 17 0 CAD
http://www.tmxmoney.com/HttpController?GetPage=SearchInsider…
Hier zum Überblick die letzten tage:
Sheldon ist Sammler:
Jan 12/12 Jan 11/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 67,000 $0.588
Jan 12/12 Jan 10/12 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 50,000 $0.550
Jan 11/12 Jan 10/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.550
Jan 11/12 Jan 9/12 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 108,000 $0.530
Jan 10/12 Jan 9/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 108,000 $0.530
Jan 9/12 Jan 5/12 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 51,500 $0.499
Jan 9/12 Jan 5/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 51,500 $0.499
Jan 5/12 Jan 3/12 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 50,000 $0.490
Jan 4/12 Jan 3/12 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.490
Dec 23/11 Dec 20/11 Inwentash, Sheldon Direct Ownership Common Shares 10 - Acquisition in the public market 125,000 $0.448
http://www.canadianinsider.com/node/7?ticker=MGP
pinetree kauft massiv zu...
http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownershi…
schon
Pinetree Capital ...
12.8M
$8,178,336
+79%
16.5%
http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownershi…
schon
Pinetree Capital ...
12.8M
$8,178,336
+79%
16.5%
Nachtrag:
Erst ging es letzte Woche runter nach den news und heute bei hohen
Volumen nach oben.
ca. noch 3,5 Mio. Aktien geshortet!!!
Mega Precious plans 50,000-metre Monument Bay drilling
2012-02-02 16:58 ET - News Release
Mr. Jim Rogers reports
MEGA PROVIDES REVIEW OF 2011 EXPLORATION RESULTS AND 2012 OUTLOOK FOR THE MONUMENT BAY GOLD CAMP
Mega Precious Metals Inc. is providing a review of the 2011 exploration results and the 2012 outlook of continued exploration plans for the 100-per-cent-owned Monument Bay gold camp in northeastern Manitoba.
As a result of the June, 2011, review of all geological data (dating back to 1990), the coming resource estimate will include an enlarged mineralized footprint of the Burn zone. The zone is more than 1,700 metres in strike and more than 390 metres in depth and ranges from approximately 14 to 95 metres in width. The Burn zone continues to be open west along strike and downdip.
The current mineralization is now more than four kilometres in length and open along strike, downdip and with new mineralized zones parallel to the current mineralization.
During 2011, Mega drilled more than 27,000 metres in 76 holes at the Monument Bay gold camp, mainly in step-out drilling, and extended the open pit and high-grade mineralization associated with the Burn zone by increasing the size of the Burn zone mineralization by over 300 per cent.
The property hosts multiple high-grade gold-mineralized zones within the Stull Lake greenstone belt, which is along strike of the Stull Wunnummin fault zone. It is one of the main controls for mineralization at Goldcorp's Musselwhite mine in Northern Ontario.
Highlights from the 2011 and previous drill programs include:
Year 2011 Burn zone*:
Drill hole TL 11-434 intersecting 1.70 grams per tonne gold over 24.0 metres;
Drill hole TL 11-439 intersecting 0.63 g/t gold over 15.50 m and 0.43 g/t gold over 24.0 m;
Drill hole TL 11-440 intersecting 0.91 g/t gold over 15.0 m.
Year 2011 previously released Burn zone drill intercepts not included in the June resource*:
Drill hole TL 11-411 intersecting 2.20 grams per tonne gold over 30.0 metres;
Drill hole TL 11-413 intersecting 2.21 g/t gold over 30.0 m;
Drill hole TL 11-421 intersecting 2.60 g/t gold over 19.9 m;
Drill hole TL 11-413 intersecting 2.21 g/t gold over 30.0 m;
Drill hole TL 11-409 intersecting 1.73 g/t gold over 19.0 m;
Drill hole TL 11-417 intersecting 2.56 g/t gold over 10.90 m.
Previous drilling back to 1990 that will be included in the coming first quarter 2012 resource update include*:
Drill hole TL 06-328 intersecting 1.04 grams per tonne gold over 101.0 metres;
Drill hole TL 91-60 intersecting 7.63 g/t gold over 48.6 m;
Drill hole TL 90-43 intersecting 0.82 g/t gold over 53.9 m;
Drill hole TL 02-93 intersecting 0.96 g/t gold over 37.0 m;
Drill hole TL 02-88 intersecting 0.86 g/t gold over 62.8 m;
Drill hole TL 02-89 intersecting 0.72 g/t gold over 46.0 m.
Jim Rogers, chief executive officer, commented: "Last year, Mega's exploration and mine development team successfully expanded the overall footprint of mineralization. Based on Mega's compilation of pre-existing regional geophysical and soil geochemical data, the team has also delivered over 30 new exploration targets. The expanse of these coincident geophysical, geochemical anomalies and multidirectional structures within our 256-square-kilometre Monument Bay property support the theory of a major gold-bearing system that could become an emerging gold camp in Manitoba. Progress over the past year since Mega acquired the property is remarkable.
"Mega believes that the inclusion of the 2011 drilling and the lowering of the cut-off grade for the near-surface mineralization can add substantially to the deposit. The new resource is expected to be completed by March, 2012, and will include a large open pit and a more selective, higher-grade underground gold resource."
YEAR 2011
MONUMENT BAY DRILL RESULTS
Hole ID Zone From To Intercept Au grade
(m) (m) (m) (g/t)
TL-11-422 Burn 74.0 78.0 4.70 1.99
TL-11-423 Burn 102.4 114.0 11.6 1.30
Burn 256.9 263.9 7.0 4.44
TL-11-424 Burn 92.3 99.3 7.0 2.10
TL-11-425 Burn Hole abandoned
TL-11-426 Burn 230.0 245.0 25.0 0.88
TL-11-427 Burn 233 243 10.0 6.20
Incl 240 241 1 28.77
Incl 242 243 1 8.48
TL-11-428 NSV
TL-11-429 Burn 142 145 3.0 8.83
Incl 142 143 1 25.0
TL-11-430 Burn 172 192.0 20 1.10
Incl 187 192.0 5 1.89
237 257.5 20.5 1.21
TL-11-431* Burn 2 110 114 4 1.57
TL-11-432* Burn 2 88 94 6 1.06
Burn 144 152 8 0.62
TL-11-433* Burn 2 65 66 1 2.02
TL-11-434* Burn 2 128 140 12 1.14
Burn 165 189 24 1.70
TL-11-435* Burn 2 117 121 4 2.05
TL-11-436* No significant assays
TL-11-437* Burn 2 222 225 3 1.20
TL-11-438* Burn 2 251 252 1 1.9
TL-11-439* Burn 188 194 6 1.23
Burn 216 221 5 0.52
Burn 232 256 24 0.43
Burn 266 281.4 15.5 0.63
Burn 320 359 39.0 0.55
TL-11-440* Burn 99 114 15 0.91
TL-11-441-444 Assays pending
True width is approximately 80 per cent of
intersection width. Minimum reported interval
using a cut-off grade of 0.5 gram per tonne.
Regional exploration of the Monument Bay camp
Mega's exploration team has also recently encountered two new parallel mineralized zones that are in the footwall of the current resources. The SB zone is located approximately 80 metres in the footwall of the Burn zone and is open along strike and dip.
The SB zone drill results include:
Drill hole TL 11-423 intersecting 4.43 grams per tonne gold over 7.0 metres*;
Drill hole TL 11-404 intersecting 1.84 g/t gold over 1.0 m*.
A further discovery was the early winter surface mapping and rock chip sampling of the AZ zone located approximately 600 m in the FW of the Twin Lake shear zone. This shear structure, located under a coincident soil geochemical and geophysical anomaly, is mineralized and has very good potential for additional high-grade-vein and bulk-disseminated gold mineralization. The current AZ zone outcrops on surface and can currently be traced for 30 metres along strike and is open along strike and dip.
THE AZ ZONE
Type From To Intercept Au grade
Hole/channel (m) (m) (m) (g/t)
MP-11-001 Grab 12.97
MP-11 004 Channel 0 2 2 0.97
TL-06-312 Drill 91.8 101.1 9.30 0.46
TL-06-315 Drill 106.8 108.6 1.80 1.30
Operational improvement efficiencies
In 2011 and 2012, Mega is completing a series of operational improvements at its Monument Bay camp.
These include:
Installed wood and pellet stoves for heating the camp (a savings of greater than $20,000 per week);
Installing an on-site geochemical facility, run by Accurassay Laboratories;
Installing bulk fuel storage;
Installed a 5,000-foot airstrip on the ice at Twin Lakes;
Established an academic partnership with the University of Manitoba;
Current camp has three drills and one backhoe in camp, which includes two track-based drills capable of drilling year-round.
Collectively, these improvements will continue to reduce the company's operational costs by more than $100 per metre drilled and improve further the company's discovery costs to more than $8 per ounce.
Year 2012 exploration plans
Mega plans an aggressive 50,000-metre surface exploration drill program to continue to increase the company's current resource footprint along strike of its current resource and test over 30 new exploration targets that have been encountered by previous geochemical sampling with a goal of proving that multiple parallel gold-bearing systems exist on Mega's 256-square-kilometre land package.
Approximately 70 per cent of this drilling will be directed at step-out and infill holes within and around the Burn zone with the goal of continuing to expand the resource.
Additional drilling will test the 30 new targets identified by geophysical and geochemical soil-sampling methods and confirmed by recent detailed structural/geological mapping conducted on the property. The combination of this information has highlighted multiple targets that have similar characteristics to those observed in the current resource area.
Glen Kuntz, chief operating officer, is the qualified person for the information contained in this press release and is a qualified person defined by National Instrument 43-101. Mr. Kuntz was senior resource geologist at the Campbell gold mine and global spatial data systems co-ordinator for Placer Dome, vice-president of enterprise mining solutions for Runge Ltd., and, most recently, vice-president of global operations for GMC Global.
* Drill holes not previously released.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMGP-19237…
Erst ging es letzte Woche runter nach den news und heute bei hohen
Volumen nach oben.
ca. noch 3,5 Mio. Aktien geshortet!!!
Mega Precious plans 50,000-metre Monument Bay drilling
2012-02-02 16:58 ET - News Release
Mr. Jim Rogers reports
MEGA PROVIDES REVIEW OF 2011 EXPLORATION RESULTS AND 2012 OUTLOOK FOR THE MONUMENT BAY GOLD CAMP
Mega Precious Metals Inc. is providing a review of the 2011 exploration results and the 2012 outlook of continued exploration plans for the 100-per-cent-owned Monument Bay gold camp in northeastern Manitoba.
As a result of the June, 2011, review of all geological data (dating back to 1990), the coming resource estimate will include an enlarged mineralized footprint of the Burn zone. The zone is more than 1,700 metres in strike and more than 390 metres in depth and ranges from approximately 14 to 95 metres in width. The Burn zone continues to be open west along strike and downdip.
The current mineralization is now more than four kilometres in length and open along strike, downdip and with new mineralized zones parallel to the current mineralization.
During 2011, Mega drilled more than 27,000 metres in 76 holes at the Monument Bay gold camp, mainly in step-out drilling, and extended the open pit and high-grade mineralization associated with the Burn zone by increasing the size of the Burn zone mineralization by over 300 per cent.
The property hosts multiple high-grade gold-mineralized zones within the Stull Lake greenstone belt, which is along strike of the Stull Wunnummin fault zone. It is one of the main controls for mineralization at Goldcorp's Musselwhite mine in Northern Ontario.
Highlights from the 2011 and previous drill programs include:
Year 2011 Burn zone*:
Drill hole TL 11-434 intersecting 1.70 grams per tonne gold over 24.0 metres;
Drill hole TL 11-439 intersecting 0.63 g/t gold over 15.50 m and 0.43 g/t gold over 24.0 m;
Drill hole TL 11-440 intersecting 0.91 g/t gold over 15.0 m.
Year 2011 previously released Burn zone drill intercepts not included in the June resource*:
Drill hole TL 11-411 intersecting 2.20 grams per tonne gold over 30.0 metres;
Drill hole TL 11-413 intersecting 2.21 g/t gold over 30.0 m;
Drill hole TL 11-421 intersecting 2.60 g/t gold over 19.9 m;
Drill hole TL 11-413 intersecting 2.21 g/t gold over 30.0 m;
Drill hole TL 11-409 intersecting 1.73 g/t gold over 19.0 m;
Drill hole TL 11-417 intersecting 2.56 g/t gold over 10.90 m.
Previous drilling back to 1990 that will be included in the coming first quarter 2012 resource update include*:
Drill hole TL 06-328 intersecting 1.04 grams per tonne gold over 101.0 metres;
Drill hole TL 91-60 intersecting 7.63 g/t gold over 48.6 m;
Drill hole TL 90-43 intersecting 0.82 g/t gold over 53.9 m;
Drill hole TL 02-93 intersecting 0.96 g/t gold over 37.0 m;
Drill hole TL 02-88 intersecting 0.86 g/t gold over 62.8 m;
Drill hole TL 02-89 intersecting 0.72 g/t gold over 46.0 m.
Jim Rogers, chief executive officer, commented: "Last year, Mega's exploration and mine development team successfully expanded the overall footprint of mineralization. Based on Mega's compilation of pre-existing regional geophysical and soil geochemical data, the team has also delivered over 30 new exploration targets. The expanse of these coincident geophysical, geochemical anomalies and multidirectional structures within our 256-square-kilometre Monument Bay property support the theory of a major gold-bearing system that could become an emerging gold camp in Manitoba. Progress over the past year since Mega acquired the property is remarkable.
"Mega believes that the inclusion of the 2011 drilling and the lowering of the cut-off grade for the near-surface mineralization can add substantially to the deposit. The new resource is expected to be completed by March, 2012, and will include a large open pit and a more selective, higher-grade underground gold resource."
YEAR 2011
MONUMENT BAY DRILL RESULTS
Hole ID Zone From To Intercept Au grade
(m) (m) (m) (g/t)
TL-11-422 Burn 74.0 78.0 4.70 1.99
TL-11-423 Burn 102.4 114.0 11.6 1.30
Burn 256.9 263.9 7.0 4.44
TL-11-424 Burn 92.3 99.3 7.0 2.10
TL-11-425 Burn Hole abandoned
TL-11-426 Burn 230.0 245.0 25.0 0.88
TL-11-427 Burn 233 243 10.0 6.20
Incl 240 241 1 28.77
Incl 242 243 1 8.48
TL-11-428 NSV
TL-11-429 Burn 142 145 3.0 8.83
Incl 142 143 1 25.0
TL-11-430 Burn 172 192.0 20 1.10
Incl 187 192.0 5 1.89
237 257.5 20.5 1.21
TL-11-431* Burn 2 110 114 4 1.57
TL-11-432* Burn 2 88 94 6 1.06
Burn 144 152 8 0.62
TL-11-433* Burn 2 65 66 1 2.02
TL-11-434* Burn 2 128 140 12 1.14
Burn 165 189 24 1.70
TL-11-435* Burn 2 117 121 4 2.05
TL-11-436* No significant assays
TL-11-437* Burn 2 222 225 3 1.20
TL-11-438* Burn 2 251 252 1 1.9
TL-11-439* Burn 188 194 6 1.23
Burn 216 221 5 0.52
Burn 232 256 24 0.43
Burn 266 281.4 15.5 0.63
Burn 320 359 39.0 0.55
TL-11-440* Burn 99 114 15 0.91
TL-11-441-444 Assays pending
True width is approximately 80 per cent of
intersection width. Minimum reported interval
using a cut-off grade of 0.5 gram per tonne.
Regional exploration of the Monument Bay camp
Mega's exploration team has also recently encountered two new parallel mineralized zones that are in the footwall of the current resources. The SB zone is located approximately 80 metres in the footwall of the Burn zone and is open along strike and dip.
The SB zone drill results include:
Drill hole TL 11-423 intersecting 4.43 grams per tonne gold over 7.0 metres*;
Drill hole TL 11-404 intersecting 1.84 g/t gold over 1.0 m*.
A further discovery was the early winter surface mapping and rock chip sampling of the AZ zone located approximately 600 m in the FW of the Twin Lake shear zone. This shear structure, located under a coincident soil geochemical and geophysical anomaly, is mineralized and has very good potential for additional high-grade-vein and bulk-disseminated gold mineralization. The current AZ zone outcrops on surface and can currently be traced for 30 metres along strike and is open along strike and dip.
THE AZ ZONE
Type From To Intercept Au grade
Hole/channel (m) (m) (m) (g/t)
MP-11-001 Grab 12.97
MP-11 004 Channel 0 2 2 0.97
TL-06-312 Drill 91.8 101.1 9.30 0.46
TL-06-315 Drill 106.8 108.6 1.80 1.30
Operational improvement efficiencies
In 2011 and 2012, Mega is completing a series of operational improvements at its Monument Bay camp.
These include:
Installed wood and pellet stoves for heating the camp (a savings of greater than $20,000 per week);
Installing an on-site geochemical facility, run by Accurassay Laboratories;
Installing bulk fuel storage;
Installed a 5,000-foot airstrip on the ice at Twin Lakes;
Established an academic partnership with the University of Manitoba;
Current camp has three drills and one backhoe in camp, which includes two track-based drills capable of drilling year-round.
Collectively, these improvements will continue to reduce the company's operational costs by more than $100 per metre drilled and improve further the company's discovery costs to more than $8 per ounce.
Year 2012 exploration plans
Mega plans an aggressive 50,000-metre surface exploration drill program to continue to increase the company's current resource footprint along strike of its current resource and test over 30 new exploration targets that have been encountered by previous geochemical sampling with a goal of proving that multiple parallel gold-bearing systems exist on Mega's 256-square-kilometre land package.
Approximately 70 per cent of this drilling will be directed at step-out and infill holes within and around the Burn zone with the goal of continuing to expand the resource.
Additional drilling will test the 30 new targets identified by geophysical and geochemical soil-sampling methods and confirmed by recent detailed structural/geological mapping conducted on the property. The combination of this information has highlighted multiple targets that have similar characteristics to those observed in the current resource area.
Glen Kuntz, chief operating officer, is the qualified person for the information contained in this press release and is a qualified person defined by National Instrument 43-101. Mr. Kuntz was senior resource geologist at the Campbell gold mine and global spatial data systems co-ordinator for Placer Dome, vice-president of enterprise mining solutions for Runge Ltd., and, most recently, vice-president of global operations for GMC Global.
* Drill holes not previously released.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMGP-19237…
"The new resource is expected to be completed by March, 2012, and will include a large open pit and a more selective, higher-grade underground gold resource.""
Antwort auf Beitrag Nr.: 42.709.262 von DerRohstoffbulle am 06.02.12 23:22:59Dann dürfte die nächste zeit recht spannend werden!!
Auf steigende Kurse!
Auf steigende Kurse!
Inwentash's Pinetree Capital kauft weiter zu:
Pinetree Capital Acquires 1,500,000 Common Shares of Mega Precious Metals Inc.
http://resourceinvestingnews.com/33729-pinetree-capital-acqu…
Pinetree Capital Acquires 1,500,000 Common Shares of Mega Precious Metals Inc.
http://resourceinvestingnews.com/33729-pinetree-capital-acqu…
Antwort auf Beitrag Nr.: 42.952.218 von combatiente am 25.03.12 17:44:24Media Releases
Apr 23, 2012 • MEGA’S STEPOUT DRILLING DELIVERS ITS HIGHEST GRADES YET WITH HIGH GRADEINTERVALS UP TO 185.44 G/T GOLD OVER .46M WITHIN BROADER 7.0 M INTERVAL OF 15.65 G/T GOLD AT ITS NORTH MADSEN PROJECT IN RED LAKE, ONTARIO
http://www.megapmi.com/releases/nr_2012-apr-23_nmadsen_malar…
http://www.megapmi.com/nm_project_presentations/nm_long_sect…
Apr 23, 2012 • MEGA’S STEPOUT DRILLING DELIVERS ITS HIGHEST GRADES YET WITH HIGH GRADEINTERVALS UP TO 185.44 G/T GOLD OVER .46M WITHIN BROADER 7.0 M INTERVAL OF 15.65 G/T GOLD AT ITS NORTH MADSEN PROJECT IN RED LAKE, ONTARIO
http://www.megapmi.com/releases/nr_2012-apr-23_nmadsen_malar…
http://www.megapmi.com/nm_project_presentations/nm_long_sect…
Antwort auf Beitrag Nr.: 42.952.218 von combatiente am 25.03.12 17:44:24
http://www.megapmi.com/nm_project_presentations/nm_long_sect…
Media Releases
Apr 23, 2012 • MEGA’S STEPOUT DRILLING DELIVERS ITS HIGHEST GRADES YET WITH HIGH GRADEINTERVALS UP TO 185.44 G/T GOLD OVER .46M WITHIN BROADER 7.0 M INTERVAL OF 15.65 G/T GOLD AT ITS NORTH MADSEN PROJECT IN RED LAKE, ONTARIO
http://www.megapmi.com/releases/nr_2012-apr-23_nmadsen_malar…
http://www.megapmi.com/nm_project_presentations/nm_long_sect…
Media Releases
Apr 23, 2012 • MEGA’S STEPOUT DRILLING DELIVERS ITS HIGHEST GRADES YET WITH HIGH GRADEINTERVALS UP TO 185.44 G/T GOLD OVER .46M WITHIN BROADER 7.0 M INTERVAL OF 15.65 G/T GOLD AT ITS NORTH MADSEN PROJECT IN RED LAKE, ONTARIO
http://www.megapmi.com/releases/nr_2012-apr-23_nmadsen_malar…
http://www.cnbc.com/id/47261954
May 2 (Reuters) - Mega Precious Metals Inc :
* Jennings starts Mega Precious Metals Inc with speculative buy; price
target C$1.50
May 2 (Reuters) - Mega Precious Metals Inc :
* Jennings starts Mega Precious Metals Inc with speculative buy; price
target C$1.50
Frohe Weihnachten und einen guten Rutsch ins neue Jahr 2013!
http://seekingalpha.com/article/1074781-byron-king-how-to-up…
http://seekingalpha.com/article/1074781-byron-king-how-to-up…
hier ist ja auch wenig los....bin eben drüber gestolpert, weil Pintree hier fast 14,5 Millionen Shares hält.
Dazu 8.2M$ Cash (Ende September) bei einer aktuellen MK von 25.48M$.
Und auch die Fundamentaldaten lesen sich ja nicht so schlecht:
Monument Bay: 1MOz M&I bei Graden von 2.50g/t, 1.7MOz Inferred bei Graden von 3.78g/t.
North Madsen: 0.94MOz M&I bei 1.24g/t, 0.38MOz bei 1.03g/t.
Stören tut mich eigentlich nur, dass Pintree in seiner neuerlichen Kaufwut hier nicht mehr nachgelegt hat (was aber nix zu sagen hat) und dass der Kurs nicht unbedingt danach aussieht, als würde die 0.22CAD als Unterstüzung halten.
Und ob das 3-Jahres-Tief bei 0.20CAD hält wage ich auch mal zu bezweifeln.
Falls noch jemand hier ist (Kubera z.B.) würde mich eure aktuelle Einschätzung interessieren! Danke.
Dazu 8.2M$ Cash (Ende September) bei einer aktuellen MK von 25.48M$.
Und auch die Fundamentaldaten lesen sich ja nicht so schlecht:
Monument Bay: 1MOz M&I bei Graden von 2.50g/t, 1.7MOz Inferred bei Graden von 3.78g/t.
North Madsen: 0.94MOz M&I bei 1.24g/t, 0.38MOz bei 1.03g/t.
Stören tut mich eigentlich nur, dass Pintree in seiner neuerlichen Kaufwut hier nicht mehr nachgelegt hat (was aber nix zu sagen hat) und dass der Kurs nicht unbedingt danach aussieht, als würde die 0.22CAD als Unterstüzung halten.
Und ob das 3-Jahres-Tief bei 0.20CAD hält wage ich auch mal zu bezweifeln.
Falls noch jemand hier ist (Kubera z.B.) würde mich eure aktuelle Einschätzung interessieren! Danke.
Hallo Kongo-Otto,
ich hoffe, dass der Unterstützungsbereich 0,20-0,22 CAD hält.
http://www.tmx.com/HttpController?GetPage=DelayedMarketByPri…
Allgemeine Daten:
-Aktuell sind 38,35% der Shares in Insiderhänden.
-Der Cash-Bestand lag am 30.09.2012 bei 8,2 Mio C$.
-Ingesamt gibt es 5 Projekte in den unterschiedlichsten Entwicklungsstadien.
-Das N. Madsen und Headway Projekt befinden sich in direkter Nähe zu Goldcorp.
Was ist geplant?
• Monument Bay
– Continuing > 10,000 M OCAP program
– Planned > 7000 M step out drill program
– Expansion of regional exploration program
– Updated Ni-43101
• North Madsen
– Planned > 5,000 M step out drill program
– Land consolidation discussions with mid-tier mining companies
– Updated Ni-43101
• Headway
– Planned completion of high grade drill target
– Land consolidation discussions with mid-tier mining companies
http://www.megapmi.com/assets/files/corporate_presentations/…
Bisher war Mega immer für einen unerwarteten Anstieg gut.
Die Planungen für das aktuelle Jahr hören sich vielversprechend an.
Sobald das Headway Projekt wieder vorangetrieben wird und die Ni-43101 Gutachten im ersten Halbjahr 2013 folgen, sollte es auch für den Kurs wieder besser laufen.
Gruß Kubera
ich hoffe, dass der Unterstützungsbereich 0,20-0,22 CAD hält.
http://www.tmx.com/HttpController?GetPage=DelayedMarketByPri…
Allgemeine Daten:
-Aktuell sind 38,35% der Shares in Insiderhänden.
-Der Cash-Bestand lag am 30.09.2012 bei 8,2 Mio C$.
-Ingesamt gibt es 5 Projekte in den unterschiedlichsten Entwicklungsstadien.
-Das N. Madsen und Headway Projekt befinden sich in direkter Nähe zu Goldcorp.
Was ist geplant?
• Monument Bay
– Continuing > 10,000 M OCAP program
– Planned > 7000 M step out drill program
– Expansion of regional exploration program
– Updated Ni-43101
• North Madsen
– Planned > 5,000 M step out drill program
– Land consolidation discussions with mid-tier mining companies
– Updated Ni-43101
• Headway
– Planned completion of high grade drill target
– Land consolidation discussions with mid-tier mining companies
http://www.megapmi.com/assets/files/corporate_presentations/…
Bisher war Mega immer für einen unerwarteten Anstieg gut
.Die Planungen für das aktuelle Jahr hören sich vielversprechend an.
Sobald das Headway Projekt wieder vorangetrieben wird und die Ni-43101 Gutachten im ersten Halbjahr 2013 folgen, sollte es auch für den Kurs wieder besser laufen.
Gruß Kubera
Antwort auf Beitrag Nr.: 44.046.071 von Kubera am 21.01.13 19:08:59Danke dir für die tolle Zusammenfassung!
Werde MGP auf jedenfall mal beobachten und ein Auge auf die Resourcen-Updates haben.
Werde MGP auf jedenfall mal beobachten und ein Auge auf die Resourcen-Updates haben.
Mega wurde gerade vom Kurs ausgesetzt.
Bin gespannt was da kommt ...
http://www.stockhouse.com/companies/stories/v.mgp/8731026
Bin gespannt was da kommt ...
http://www.stockhouse.com/companies/stories/v.mgp/8731026
Folgendes Update habe ich heute per Mail erhalten:
We're pleased to share the below update on Mega Precious Metals from Byron King of Agora Financial's Energy & Scarcity Investor.
King last detailed Mega in September 2012, noting the lower overall investment risk afforded by the Monument Bay gold camp's location and geology, and this month's update underscores Mega's continually efficient exploration and development. Noting that the company's technique is tailored to the strong association of gold mineralization with tungsten at Monument Bay, King highlights the project's capacity to become a viable tungsten play as well.
Mega last week announced the identification of potential new mineralization at Monument Bay and the recommencement of drilling; for continued news and updates, please visit www.megapmi.com.
Energy & Scarcity Investor
February 8, 2013
Mega Precious Metals
Far to the north and east of Nevada, Mega Precious Metals (MGP: TSX-V) released news from its gold development effort at Monument Bay, Manitoba. I've mentioned, in previous articles, that Mega has developed a fast, effective, low-cost means of identifying new gold-bearing zones.
The Mega technique is based on the intriguing geochemical fact that gold mineralization, at Monument Bay, is strongly associated with tungsten, in the form of a mineral called Scheelite. Basically, Scheelite fluoresces under ultra-violet light (UV). So Mega takes drill-cores, and illuminates them with UV. When the UV reveals Scheelite, it's about 99.9% certain that there's gold as well. This is a quick, reliable means for Mega to target its funds on gold assays, and focus on finding the high-value material and zones.
It helps that previous operators, at Monument Bay, drilled many kilometers of core, which is racked and stacked, and all available for Mega to examine. This "old core program" (OCP) saves literally millions of dollars in what would be required to drill things today. So Mega has been systematically going through the old core (of 2.4 billion year old rocks, speaking of "old"), and performing UV inspections for Scheelite.
If there's Scheelite, then there's gold. And now, it's turning out that Scheelite is significant, to the point that Mega's "gold" play may also be a tungsten play as well. There are large zones, at Monument Bay, with up to 2% tungsten, which makes for excellent ore. Elsewhere in the world, people (many of whom are called "Chinese") mine grades as low as .1% tungsten.
Mega shares are trading in the 20-cent range, which makes for a two year low. In other words -- and as I've discussed many times, in previous notes -- it's a brutal market for mineral developers, meaning companies that are spending funds and not generating cash flow. Still, with Mega, the value is there for the brave -- gold, and now tungsten.
Mega has done an excellent job of creating an extensive gold resource, now moving north of 2 million ounces at Monument Bay. Plus, let's add in the "new" news of the tungsten angle. It seems that, with every announcement, Mega differentiates itself from the large group of peer-developers. Mega is becoming more attractive as takeover bait, or absent that, it's setting up to build a mine on its own initiative.
We're pleased to share the below update on Mega Precious Metals from Byron King of Agora Financial's Energy & Scarcity Investor.
King last detailed Mega in September 2012, noting the lower overall investment risk afforded by the Monument Bay gold camp's location and geology, and this month's update underscores Mega's continually efficient exploration and development. Noting that the company's technique is tailored to the strong association of gold mineralization with tungsten at Monument Bay, King highlights the project's capacity to become a viable tungsten play as well.
Mega last week announced the identification of potential new mineralization at Monument Bay and the recommencement of drilling; for continued news and updates, please visit www.megapmi.com.
Energy & Scarcity Investor
February 8, 2013
Mega Precious Metals
Far to the north and east of Nevada, Mega Precious Metals (MGP: TSX-V) released news from its gold development effort at Monument Bay, Manitoba. I've mentioned, in previous articles, that Mega has developed a fast, effective, low-cost means of identifying new gold-bearing zones.
The Mega technique is based on the intriguing geochemical fact that gold mineralization, at Monument Bay, is strongly associated with tungsten, in the form of a mineral called Scheelite. Basically, Scheelite fluoresces under ultra-violet light (UV). So Mega takes drill-cores, and illuminates them with UV. When the UV reveals Scheelite, it's about 99.9% certain that there's gold as well. This is a quick, reliable means for Mega to target its funds on gold assays, and focus on finding the high-value material and zones.
It helps that previous operators, at Monument Bay, drilled many kilometers of core, which is racked and stacked, and all available for Mega to examine. This "old core program" (OCP) saves literally millions of dollars in what would be required to drill things today. So Mega has been systematically going through the old core (of 2.4 billion year old rocks, speaking of "old"), and performing UV inspections for Scheelite.
If there's Scheelite, then there's gold. And now, it's turning out that Scheelite is significant, to the point that Mega's "gold" play may also be a tungsten play as well. There are large zones, at Monument Bay, with up to 2% tungsten, which makes for excellent ore. Elsewhere in the world, people (many of whom are called "Chinese") mine grades as low as .1% tungsten.
Mega shares are trading in the 20-cent range, which makes for a two year low. In other words -- and as I've discussed many times, in previous notes -- it's a brutal market for mineral developers, meaning companies that are spending funds and not generating cash flow. Still, with Mega, the value is there for the brave -- gold, and now tungsten.
Mega has done an excellent job of creating an extensive gold resource, now moving north of 2 million ounces at Monument Bay. Plus, let's add in the "new" news of the tungsten angle. It seems that, with every announcement, Mega differentiates itself from the large group of peer-developers. Mega is becoming more attractive as takeover bait, or absent that, it's setting up to build a mine on its own initiative.
Über den Broker 143 Pershing wurden in den letzten Tagen 3 Mio. Aktien gekauft.
MEGA Precious Metals reports consistent tungsten credits significantly increasing gold-equivalent assay values at its Monument Bay Gold Camp
http://www.megapmi.com/2013-releases/content/releases/articl…
http://www.megapmi.com/2013-releases/content/releases/articl…
Resourcenupdate noch diesen Monat ...
Antwort auf Beitrag Nr.: 44.259.605 von Kubera am 15.03.13 21:30:14gemäß der April-Präsentation kommt das Update von Monument Bay im Q2 (was Sinn macht, da das Q1 abgelaufen ist 
)!
MGP gibt immer noch einen Cash-Bestand von 5,8M$ an!
MK (fully diluted) aktuel bei 22,8M$.
Was mich wundert: Richard Patricio hat im Oktober jede Menge Shares verkauft. Vor dem Hintergrund des anstehenden Ressourcen-Updates wäre es nett, wenn man hier auch mal wieder Käufe seitens des Managements sehen würde....
Wie dem auch sei, evtl. schichte ich bei 0.12CAD in MGP um.
)!MGP gibt immer noch einen Cash-Bestand von 5,8M$ an!
MK (fully diluted) aktuel bei 22,8M$.
Was mich wundert: Richard Patricio hat im Oktober jede Menge Shares verkauft. Vor dem Hintergrund des anstehenden Ressourcen-Updates wäre es nett, wenn man hier auch mal wieder Käufe seitens des Managements sehen würde....
Wie dem auch sei, evtl. schichte ich bei 0.12CAD in MGP um.
Mega Announces 2.9 Million Ounces of Gold in Measured and Indicated Resources and 0.7 Million Ounces of Gold in Inferred Resources at Monument Bay
http://finance.yahoo.com/news/mega-announces-2-9-million-224…
[...]
Highlights:
•Measured and Indicated Resources of 2.9 M Ounces of Gold at 1.3 g/t Au
•Upgrading 1.8 M ounces in classification, an overall increase of 94% from the previous resource estimate.
•Inferred Resources of 0.7 M Ounces of Gold
•High Grade Starter Pit providing optionality, flexibility and potential rapid payback
•Monument Bay is estimated to contain a distinct, higher-grade Measured and Indicated open-pit resource of 667,308 ounces of gold averaging 2.7 g/t Au at a 1.5 g/t Au cut-off
•Over 143,460 m of drilling, plus channel sampling and surface mapping incorporated into the geological model
•Includes over 32,500 m of drilling since the last resource update
•Improved Confidence in the Twin Lakes Open Pit deposit with 91% of the resource in the Measured and Indicated category
•Additional Unconstrained Open-pit Resources at the Expanding Mid East and AZ Zones increasing total Measured and Indicated resources to 80,084 ounces of gold and Inferred resources to 312,361 ounces of gold.
•Defined Repeatable Cores every 180-290 m that are consistent and predictable continue along strike and depth providing potential for significant resource expansion
•Recently Discovered gold and tungsten zones, offering further potential upside
[...]
irgendwie schwant mir hier nichts Gutes....
Mega Precious Metals Inc. Receives Temporary Injunction from the Queen's Bench, Manitoba for Monument Bay Project
http://finance.yahoo.com/news/mega-precious-metals-inc-recei…
[...]
Mega sought the injunction in response to a Stop Work Order and a Notice of Eviction Letter delivered to Mega on July 2, 2013 by Chief Leslie Harper of the Red Sucker Lake First Nation (RSLFN).
The injunction is valid until July 11, 2013 when Chief Harper, of the RSLFN will have an opportunity to be heard by the Court. [...]
Mega Precious Metals Inc. Receives Temporary Injunction from the Queen's Bench, Manitoba for Monument Bay Project
http://finance.yahoo.com/news/mega-precious-metals-inc-recei…
[...]
Mega sought the injunction in response to a Stop Work Order and a Notice of Eviction Letter delivered to Mega on July 2, 2013 by Chief Leslie Harper of the Red Sucker Lake First Nation (RSLFN).
The injunction is valid until July 11, 2013 when Chief Harper, of the RSLFN will have an opportunity to be heard by the Court. [...]
Jul 9/13 Jul 8/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 54,000 $0.156
Jul 9/13 Jul 8/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 54,000 $0.156
http://www.canadianinsider.com/node/7?menu_tickersearch=mgp
Jul 9/13 Jul 8/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 54,000 $0.156
http://www.canadianinsider.com/node/7?menu_tickersearch=mgp
Mega Precious Metals Inc. Allowed to Continue Work at the Monument Bay Project
http://finance.yahoo.com/news/mega-precious-metals-inc-allow…
[...]Further to the news release of July 4, 2013, the Court of the Queen's Bench, Manitoba has granted an indefinite extension of the injunction and Mega is able to continue its planned exploration work at its Monument Bay Project.[...]
Jul 24/13 Jul 23/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 60,000 $0.185
Jul 24/13 Jul 23/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 60,000 $0.185
Jul 23/13 Jul 22/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 93,000 $0.176
Jul 23/13 Jul 22/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 93,000 $0.176
Jul 22/13 Jul 19/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 57,000 $0.120
Jul 22/13 Jul 19/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 57,000 $0.120
Jul 19/13 Jul 18/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.165
Jul 19/13 Jul 18/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 50,000 $0.165
Jul 18/13 Jul 17/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 49,000 $0.160
Jul 18/13 Jul 17/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 49,000 $0.160
Mega Precious Metals Intersects 58.3 m at 2.43 g/t Gold Equivalent Contributing to A 30% Overall Increase in Gold Equivalent Grades from Tungsten at Its Monument Bay Gold Project
http://finance.yahoo.com/news/mega-precious-metals-intersect…
Mega Files NI 43-101 Technical Report and Resource Estimate Update for Its Monument Bay Project in Manitoba
http://finance.yahoo.com/news/mega-files-ni-43-101-191937495…
http://finance.yahoo.com/news/mega-files-ni-43-101-191937495…
Antwort auf Beitrag Nr.: 45.165.421 von Kongo-Otto am 01.08.13 22:20:50 Dieser Sheldon...saugt sich voll mit Shares!
Aug 13/13 Aug 12/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 82,500 $0.231
Aug 13/13 Aug 12/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 82,500 $0.231
Aug 12/13 Aug 9/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 96,000 $0.220
Aug 12/13 Aug 9/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 96,000 $0.220
Aug 9/13 Aug 8/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 124,500 $0.215
Aug 9/13 Aug 8/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 124,500 $0.215
Aug 7/13 Aug 6/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 35,000 $0.220
Aug 7/13 Aug 6/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 35,000 $0.220
Aug 6/13 Aug 2/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 34,500 $0.225
Aug 6/13 Aug 2/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 34,500 $0.225
http://canadianinsider.com/node/7?menu_tickersearch=mgp
PS: Pinetree ist aus BOE ausgestiegen...das Geld fliesst wohl zum Teil auch in MGP !
Dieser Sheldon...saugt sich voll mit Shares!Aug 13/13 Aug 12/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 82,500 $0.231
Aug 13/13 Aug 12/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 82,500 $0.231
Aug 12/13 Aug 9/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 96,000 $0.220
Aug 12/13 Aug 9/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 96,000 $0.220
Aug 9/13 Aug 8/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 124,500 $0.215
Aug 9/13 Aug 8/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 124,500 $0.215
Aug 7/13 Aug 6/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 35,000 $0.220
Aug 7/13 Aug 6/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 35,000 $0.220
Aug 6/13 Aug 2/13 Inwentash, Sheldon Control or Direction Common Shares 10 - Acquisition in the public market 34,500 $0.225
Aug 6/13 Aug 2/13 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 - Acquisition in the public market 34,500 $0.225
http://canadianinsider.com/node/7?menu_tickersearch=mgp
PS: Pinetree ist aus BOE ausgestiegen...das Geld fliesst wohl zum Teil auch in MGP !
Mega Precious Metals Enhances Potential of Its Headway Project, Red Lake Ontario With Additional Deep Drilling
http://finance.yahoo.com/news/mega-precious-metals-enhances-…
http://finance.yahoo.com/news/mega-precious-metals-enhances-…
servus otto,
und ebenfalls auf die watch zur späteren analyse.
und ebenfalls auf die watch zur späteren analyse.
geiles deposit... nur ein problem 
was liegt der fuckn see direkt über dem schatz
was liegt der fuckn see direkt über dem schatz
Mega Precious Metals Intersects 52 M of 1.81 g/t Gold Equivalent Including 6.3% WO3 Over 0.50 M Equating 74.64 g/t Gold Equivalent
http://finance.yahoo.com/news/mega-precious-metals-intersect…
[...]The tungsten results to date have not been included in the latest NI 43-101 resource. During the second quarter of 2014, Mega expects to provide an updated NI 43-101 resource which will include Tungsten as well as the results from the metallurgical testing currently in progress (details available in news release of October 31, 2013)[...]
http://finance.yahoo.com/news/mega-precious-metals-intersect…
[...]The tungsten results to date have not been included in the latest NI 43-101 resource. During the second quarter of 2014, Mega expects to provide an updated NI 43-101 resource which will include Tungsten as well as the results from the metallurgical testing currently in progress (details available in news release of October 31, 2013)[...]
Ein See? Bei dem Wort see muss ich immer an gold canyon denken...manchmal auch an colossus
auf ca. 1/3 der möglichen pit liegt der twin lake!!!
was haltet ihr von dieser doch nicht unwesentlichen tatsache?
was haltet ihr von dieser doch nicht unwesentlichen tatsache?
Antwort auf Beitrag Nr.: 46.254.137 von Global-Player83 am 18.01.14 15:52:50der Spruch mit Colossus war gut!
Naja, so ein See ist erstmal doof. Ich kann auch nicht einschätzen, wie die Umweltbehörden darauf reagieren, wenn man einen Teil des Sees trocken legen will oder zumindest temporär entwässern wollte....
Ich halte meine Shares jedenfalls weiter, da MGP nette Gewinne brachte bis jetzt.
Naja, so ein See ist erstmal doof. Ich kann auch nicht einschätzen, wie die Umweltbehörden darauf reagieren, wenn man einen Teil des Sees trocken legen will oder zumindest temporär entwässern wollte....
Ich halte meine Shares jedenfalls weiter, da MGP nette Gewinne brachte bis jetzt.
Mega Precious assays 51.7 m of 4.8 g/t Au at Monument
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:MGP-2147852…
Gruß
reini81
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:MGP-2147852…
Gruß
reini81
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